Crude Oil (WTI) (US$53.23)
Crude oil is expected to complete its wave (iv) rebound to around US$62.50 before end of this year. Wave (v) might bring the oil price to US$25.00. Crude oil is currently forming its mini wave 4.
Dow (21,005)
Dow has started its mini wave 4 of sub-wave iii.
FBMKLCI (1,708)
As mentioned in my earlier post, KLCI is either forming its sub-wave iv.
Or it is forming its mini wave 7. Whatever options, its trend for the next few months is up, up and up with some small corrections along the way.
Gadang Holdings Bhd (Rm1.19)
Gadang added 7 sens (+6.25%) on Friday and it managed to break its upper resistance line with fairly high volume, a bullish sign. An overlapping i-ii-iii-iv-v waves followed by a breakout is a 'must buy' for me. A classical pattern is a breakout followed by a pullback to rest briefly on top of the resistance line - last chance to buy before it flies. This pullback may not take place if the uptrend momentum is too great.
Gadang has completed its mega wave (1)-(2) and major wave 1-2. At this moment it is forming the wave (v) of major wave 3. Advisable to get out at the end of wave (v) as the major 4 correction can be as high as 40%. My target for wave (v) is Rm 1.60.
http://chanky50.blogspot.my/2017/03/weekly-update.html
