EG and Insas - Major wave 5 in progress

EG Industries Bhd (Rm0.89)

EG reversed with a strong candlestick with improved volume on Monday after forming 2 dojis last week.

This is likely to be the mini wave 3 of sub-wave i of wave (iii) of major wave 5. There is still a long way to go.

Insas Bhd (Rm0.675)

Insas gained 2.5 sens on Monday to indicate the starting of its wave (iii). It ended its wave (ii) with a failure sub-wave v of c.

This is the wave (iii) of its major wave 5.