KLCI continues to consolidate. It is either trying to complete its major wave 4.
Or it has already completed its major wave 4 and is forming the wave (ii) of its major wave 5. Wave e of (ii) is about to complete.
EG Industries Bhd (Rm 0.84)
There is a possibility that EG has completed its major wave 4
It is also likely that it has completed the sub-wave i-ii of its wave (i) of 5. I hope today's 2 sens gain marked the starting of its sub-wave iii.
RCE Capital Bhd (Rm 1.44)
RCECap continues with the wave (iii) of its major wave 5.
It added 9 sens today to close at Rm 1.44 to form its mini wave 3.