INSAS (3379) - Insas Bhd (Rm 0.825)
Insas Bhd (Rm 0.825)
In longer term chart, we can see that Insas is forming its major wave 3.
Insas has started its correction in the last 3 trading sessions. It dropped another 3 sens today. If it can start to move higher again tomorrow, then this current pullback is its mini wave 6 correction and its sub-wave iii has 9 mini waves.
But if Insas continues to move lower in the next few days, then its sub-wave iii has only 5 mini waves and has ended. The current correction becomes a higher degree sub wave iv correction.
There is another possibility that the current correction is an even higher degree wave (iv) correction. At this moment I feel that this option is not that likely.
http://chanky50.blogspot.my/2017/02/eg-and-insas.html
