If major wave 3 has the same magnitude as that of major wave 1, the minimum target is Rm 2.40.
If Dsonic goes lower instead of higher tomorrow, then it is forming a small a-b-c sub-wave ii.
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Tuesday, November 24, 2015
Datasonic Group Bhd (Rm 1.63)
If Dsonic can move above Rm 1.65 with high volume tomorrow, it is going to be the star for the next few weeks. A breakout above Rm 1.65 will confirm the formation of sub-wave iii of wave (i) of major wave 3.
If major wave 3 has the same magnitude as that of major wave 1, the minimum target is Rm 2.40.
If Dsonic goes lower instead of higher tomorrow, then it is forming a small a-b-c sub-wave ii.
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If major wave 3 has the same magnitude as that of major wave 1, the minimum target is Rm 2.40.
If Dsonic goes lower instead of higher tomorrow, then it is forming a small a-b-c sub-wave ii.
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Monday, November 23, 2015
EG Industries Bhd (Rm 0.865)
It is sub-wave v. EG added 4.5 sens with high volume on Monday.
If sub-wave v of wave (iii) were to have the same magnitude as sub-wave i, 87 sens is the end. But if it were to have the same magnitude as sub-wave iii, then a possible target is Rm 1.00.
Looking at longer term, EG is currently at sub-wave v of wave (iii) of major wave 3. There is a long journey in front until the completion of its major wave 5.
I am assuming my reading is correct and I hope I am correct. I am usually bullish biased and quite often get carried away like in the case of KSL on its way up until the day when it did not move along my bullish projection. Then I have to chop and get out.
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If sub-wave v of wave (iii) were to have the same magnitude as sub-wave i, 87 sens is the end. But if it were to have the same magnitude as sub-wave iii, then a possible target is Rm 1.00.
Looking at longer term, EG is currently at sub-wave v of wave (iii) of major wave 3. There is a long journey in front until the completion of its major wave 5.
I am assuming my reading is correct and I hope I am correct. I am usually bullish biased and quite often get carried away like in the case of KSL on its way up until the day when it did not move along my bullish projection. Then I have to chop and get out.
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Saturday, November 21, 2015
Weekly Update
Dow (17,823)
If Dow moves lower next week, it is likely that it is forming its wave c of (iv).
But if Dow continues to move higher and higher next week, then it is the bullish sub-wave iii of (iii).
FBMKLCI (1,661)
KLCI is either forming the mini wave 7 of iv
Or it is forming the wave b of (ii). Nothing to worry.
Datasonic Group Bhd (Rm1.60)
If Dsonic continues to move higher, it is sub-wave iii, very bullish.
If it moves lower, then it is a higher degree wave (ii) correction.
EG Industries Bhd (Rm0.82)
EG is at the tail-end of its major wave 3. I don't know how high it can go. Your guess is as good as mine. It is up to 'them'. But OBV is indicating net selling - distribution.
Technically, EG is either forming its wave (iv) at this moment.
If 'they' continue to push it higher next week, then it is the sub-wave v of wave (iii).
Felda Global Ventures Holding Bhd (Rm1.84)
Very likely FGV is forming the wave b of (2).
Inari Amertron Bhd (Rm4.14)
Inari will be forming the sub-wave vii, viii and ix of its wave (iii) in the next two weeks.
Insas Bhd (Rm0.85)
Insas, if moving side way next week, it is forming its sub-wave viii
However if Insas can move up strongly next week with high volume, then it is forming the mini wave 3 of sub-wave vii.
Most probably it is trying to catch up with Inari. It has been left too far behind Inari. Its 0.322 share of Inari per share of Insas alone is worth Rm1.33.
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If Dow moves lower next week, it is likely that it is forming its wave c of (iv).
But if Dow continues to move higher and higher next week, then it is the bullish sub-wave iii of (iii).
FBMKLCI (1,661)
KLCI is either forming the mini wave 7 of iv
Or it is forming the wave b of (ii). Nothing to worry.
Datasonic Group Bhd (Rm1.60)
If Dsonic continues to move higher, it is sub-wave iii, very bullish.
If it moves lower, then it is a higher degree wave (ii) correction.
EG Industries Bhd (Rm0.82)
EG is at the tail-end of its major wave 3. I don't know how high it can go. Your guess is as good as mine. It is up to 'them'. But OBV is indicating net selling - distribution.
Technically, EG is either forming its wave (iv) at this moment.
If 'they' continue to push it higher next week, then it is the sub-wave v of wave (iii).
Felda Global Ventures Holding Bhd (Rm1.84)
Very likely FGV is forming the wave b of (2).
Inari Amertron Bhd (Rm4.14)
Inari will be forming the sub-wave vii, viii and ix of its wave (iii) in the next two weeks.
Insas Bhd (Rm0.85)
Insas, if moving side way next week, it is forming its sub-wave viii
However if Insas can move up strongly next week with high volume, then it is forming the mini wave 3 of sub-wave vii.
Most probably it is trying to catch up with Inari. It has been left too far behind Inari. Its 0.322 share of Inari per share of Insas alone is worth Rm1.33.
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Wednesday, November 18, 2015
Datasonic Group Bhd (Rm 1.61)
Dsonic is involved in the provision of ICT solution (including the smart card personalisation such as secure ID, chip based credit/debit/bank cards), customisation of software and hardware solution, and provision of others ICT related technical consultancy services.
It was a fantastic stocks in 2013/2014.
In 2013/2014 there was a 1 for 2 bonus issue, a share split of one 50 sen share into five 10 sens share and another 1 for 1 bonus issue. From early 2013 one 50 sen Dsonic share at Rm 2.00 becomes fifteen 10 sen share and its price went as high as Rm2.40 by April 2014. The gain is 1700%. Fantastic.
Since April 2014, it went into a 16 months consolidation until mid-August 2015 to complete its mega wave (2). A complex A-B-C-X-A-B-C formation.
From mid-August to early October, Dsonic has completed a 5-wave major wave 1. Then it took another 6 weeks to completed its a-b-c-d-e major wave 2.
At today's trading, Dsonic gained 10 sens (+6.6%) with a high volume of 17.8 millions shares. It is possible that the wave (i) of its major wave 3 has started.
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Tuesday, November 17, 2015
Inari Amertron Bhd - Upper resistance broken
Inari Amertron Bhd (Rm 4.06)
Inari added 16 sens (+4.1%) today and managed to stay above its upper resistance line
In fact, if we look at the bar-chart, Inari has already moved above its upper trend-line on Friday. It dropped back on Monday to rest on the trend-line and today it pulled further away from the trend-line.
Today's candlestick is the mini wave 7 of its sub-wave vii.
Insas Bhd (Rm 0.86)
I have adjusted my wave count for Insas so that it is moving in tandem with Inari, keeping in mind that in every Insas share there is 0.322 Inari share. At today's closing price of Rm 4.06 for Inari, this 0.322 share alone is worth Rm1.30
From its long-term chart, Insas is forming its major wave 5.
I am definitely happy that Inari is at Rm 4.06 but I don't understand why it can reach Rm 4.06 while Insas is at Rm 0.86.
Is it possible that the depressed price is due to the consistent selling by Thong Kok Khee, who has to reduce his stake to less than 30%.
Based on his announcement yesterday, after selling off another 900,000 shares on Friday he is still holding 32.9% of Insas. He still has to sell off another 19.3 million shares.
FACB Industries Incorporated (Rm 1.14)
Facb is comparatively active today with 520,000 shares traded. It added 6 sens (+5.56%). It is forming its sub-wave iii of wave (iii).
Looking at its long-term chart, hopefully mega wave (4) is completed and it is forming its mega wave (5).
This is a stock that has been moving like a tortoise despite the fact that there is a net cash of Rm 1.76 for every Facb share, and there are 4 Kbunai shares inside each Facb share. For quarter ending 30th June, its quarterly earning per share is 2.05 sens with net assets at Rm 2.45 a share.
I think its owner, Dr. Cheng Lip Keong, the No. 24 richest man in Malaysia (Forbes ranking), must be very busy with his NagaCorp casino operation in Phnom Penh, Cambodia.
He must also be very busy over his NagaCity Walk Project that has been scheduled to open by end of this year.
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Inari added 16 sens (+4.1%) today and managed to stay above its upper resistance line
In fact, if we look at the bar-chart, Inari has already moved above its upper trend-line on Friday. It dropped back on Monday to rest on the trend-line and today it pulled further away from the trend-line.
Today's candlestick is the mini wave 7 of its sub-wave vii.
Insas Bhd (Rm 0.86)
I have adjusted my wave count for Insas so that it is moving in tandem with Inari, keeping in mind that in every Insas share there is 0.322 Inari share. At today's closing price of Rm 4.06 for Inari, this 0.322 share alone is worth Rm1.30
From its long-term chart, Insas is forming its major wave 5.
I am definitely happy that Inari is at Rm 4.06 but I don't understand why it can reach Rm 4.06 while Insas is at Rm 0.86.
Is it possible that the depressed price is due to the consistent selling by Thong Kok Khee, who has to reduce his stake to less than 30%.
Based on his announcement yesterday, after selling off another 900,000 shares on Friday he is still holding 32.9% of Insas. He still has to sell off another 19.3 million shares.
FACB Industries Incorporated (Rm 1.14)
Facb is comparatively active today with 520,000 shares traded. It added 6 sens (+5.56%). It is forming its sub-wave iii of wave (iii).
Looking at its long-term chart, hopefully mega wave (4) is completed and it is forming its mega wave (5).
This is a stock that has been moving like a tortoise despite the fact that there is a net cash of Rm 1.76 for every Facb share, and there are 4 Kbunai shares inside each Facb share. For quarter ending 30th June, its quarterly earning per share is 2.05 sens with net assets at Rm 2.45 a share.
I think its owner, Dr. Cheng Lip Keong, the No. 24 richest man in Malaysia (Forbes ranking), must be very busy with his NagaCorp casino operation in Phnom Penh, Cambodia.
He must also be very busy over his NagaCity Walk Project that has been scheduled to open by end of this year.
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Monday, November 16, 2015
Felda Gobal Ventures (Rm 1.77)
FGV was unable to hold above Rm1.82 level on Monday. It dropped 5 sens to close at Rm1.77.
With this drop, it is confirmed that FGV is forming the wave a of its wave (2).
If wave b gives it a 'Head & Shoulders' formation, then the subsequent wave c may bring it to Rm1.40 or lower.
Dow (17,482)
Wave b of iv has started.
Global equities were boosted on Monday when it was reported that Japanese third quarter GDP contracted by 0.2% quarter-over-quarter. The markets expect more monetary support from the Bank of Japan.
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With this drop, it is confirmed that FGV is forming the wave a of its wave (2).
If wave b gives it a 'Head & Shoulders' formation, then the subsequent wave c may bring it to Rm1.40 or lower.
Dow (17,482)
Wave b of iv has started.
Global equities were boosted on Monday when it was reported that Japanese third quarter GDP contracted by 0.2% quarter-over-quarter. The markets expect more monetary support from the Bank of Japan.
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Sunday, November 15, 2015
Weekend Update
Crude Oil (WTI) (US$40.74)
With oil prices setting new weekly low, my previous wave count can no longer hold and has been revised as shown.
Mini wave 5 of sub-wave v is in progress.
Dow (17,245)
Sub-wave iii is completed and sub-wave iv is in progress. But be very careful if iv goes below the top of sub-wave i, then the current correction can no longer be iv.
FBMKLCI (1,658)
KLCI is either forming wave c of iv,
Or it is forming the c of ii.
LCTH Corporation Bhd (Rm0.815)
Wave (v) of major wave 3 is about to end.
Felda Global Ventures Holding Bhd (Rm1.82)
If Rm1.82 support can hold, wave (v) of major wave 3 rebound may start anytime from now.
However, if Rm1.82 level cannot hold, it is more likely that FGV is forming the wave a of mega wave (2).
Inari Amertron Bhd (Rm3.97)
Inari announced an improved quarterly earning of 6.24 sens a share, a special dividend of 0.50 sen a share, a first interim dividend of 2.30 sens a share and a 1 for 4 bonus issue. It added 15 sens on Friday.
If Inari is not able to break its upper resistance line, mega wave (1) is likely to have ended.
However if Inari can punch through its upper resistance line, then the current up-trend is the wave (iii) of its major wave 3.
Insas Bhd (Rm0.865)
I hope the current up-trend is its major wave 5.
EG Industries Bhd (Rm0.80)
EG is at the tail-end of its major wave 3. The heavy selling on Wednesday and Thursday upon the listing of new shares (right-issue) on Wednesday sent the OBV into bearish territory, sign of distribution.
EG is forming its wave (iv) currently if I am right.
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With oil prices setting new weekly low, my previous wave count can no longer hold and has been revised as shown.
Mini wave 5 of sub-wave v is in progress.
Dow (17,245)
Sub-wave iii is completed and sub-wave iv is in progress. But be very careful if iv goes below the top of sub-wave i, then the current correction can no longer be iv.
FBMKLCI (1,658)
KLCI is either forming wave c of iv,
Or it is forming the c of ii.
LCTH Corporation Bhd (Rm0.815)
Wave (v) of major wave 3 is about to end.
Felda Global Ventures Holding Bhd (Rm1.82)
If Rm1.82 support can hold, wave (v) of major wave 3 rebound may start anytime from now.
However, if Rm1.82 level cannot hold, it is more likely that FGV is forming the wave a of mega wave (2).
Inari Amertron Bhd (Rm3.97)
Inari announced an improved quarterly earning of 6.24 sens a share, a special dividend of 0.50 sen a share, a first interim dividend of 2.30 sens a share and a 1 for 4 bonus issue. It added 15 sens on Friday.
If Inari is not able to break its upper resistance line, mega wave (1) is likely to have ended.
However if Inari can punch through its upper resistance line, then the current up-trend is the wave (iii) of its major wave 3.
Insas Bhd (Rm0.865)
I hope the current up-trend is its major wave 5.
EG Industries Bhd (Rm0.80)
EG is at the tail-end of its major wave 3. The heavy selling on Wednesday and Thursday upon the listing of new shares (right-issue) on Wednesday sent the OBV into bearish territory, sign of distribution.
EG is forming its wave (iv) currently if I am right.
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