Weekly Update


Dow (18,543)

Dow moved up strongly on Friday, gained 191 points (+1%). The two weeks of down-trend is too long to be a mini wave 4 that I have mentioned previously. It appeared more likely that it is the sub-wave ii, even though the sub-wave i has only 3 waves. If the current up is the sub-wave iii of wave (iii), it is expected to be strong and dynamic otherwise it is a small wave b of ii rebound.



FBMKLCI (1,664)

KLCI continued with a stronger second green candlestick, very promising. But it stopped right at the upper trend line. Can it punch through the ceiling next week? If the government is pushing, then sub-wave iii will continue.



Felda Global Ventures Holding Bhd (Rm1.95)

FGV gained 5 sens on Friday. With that it is either forming its mini wave 5,


Or it is forming its sub-wave v, if it can punch through its upper trend line.


Insas Bhd (Rm 0.64)

I have revised my wave count for Insas. Most likely it has not yet completed its sub-wave v of its wave c. It may need another 3 weeks to complete the sub-wave v unless it is a failure v.


EG Industries Bhd (Rm0.855)

I hope its Friday's green candlestick marked the starting of its wave (iii).


Dufu Technology Corp. Bhd (Rm0.62)

The next up-trend for Dufu is its sub-wave v.


Kronology Asia Bhd (Rm0.215)

Very likely Krono has started its major wave 3 since early July


The wave form will be very bullish if it can move to 24 sens to form its mini wave 5. This 5 waves can be taken as confirmation of the starting of its major wave 3.


The next pullback can either stop at 22 sens for its mini wave 6 or it can stop at 20 sens to form its sub-wave ii. Krono is likely to take a few months to complete its major wave 3.

RCE Capital Bhd (Rm0.75)

The wave form for its wave (i) is very bullish. I have been waiting patiently since November 2015 for it to complete its wave (ii). 8 months is indeed a long wait.


Identical to Krono, if RCECap can move to 79 sens to form a mini wave 5, it confirmed the starting of wave (iii). Then the next correction can either be mini wave 6 or sub-wave ii.

http://chanky50.blogspot.my/2016/08/weekly-update.html