A Boring Week
Dow might have gained 1.6% over the week but my two options for Dow remained the same. Dow is either forming the sub-wave iii of wave (xiii)
Or it is forming the wave e of wave (xiv). I expect Dow to continue with its up trend until wave (xvii) is completed. Then I will have to watch out for a possible major correction.
FBMKLCI (1,844)
KLCI continued with its mini wave 3. It may end at 1,880 level before mini wave 4 starts. Still a long way to go for the major wave 5.
LCTH Corporation Bhd (Rm 0.42)
LCTH failed to reach the 48 sens level for its sub-wave v. Now that sub-wave v is completed, the current correction can either be the sub-wave vi, is almost there,
Or it is a higher degree wave (ii) correction.
RGB International Bhd (Rm 0.165)
If I am right, RGB is forming the mini wave 3 of its sub-wave iii of wave (v) of major wave 3. Its OBV has set a new high on Friday. I usually expect a price breakout to follow an OBV breakout.
Hopefully I can get a strong green candlestick on Monday with high volume.
KSL Holdinghs Bhd (Rm 2.10)
I have a bearish wave count for KSL as shown below. It is forming the wave C of its major wave 4
I also have a bullish wave count for KSL. This is a bullish iii of (iii) of 3 of iii wave count. This could be a 'too good to be true' wave count. Don't have too much hope but as long as KSL can hold above Rm 2.05, this possibility cannot be ruled out.
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