KLCI waves

Gloves waves - Hartalega Update

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Publish date: Thu, 12 Nov 2020, 06:06 PM
Elliot wave analysis to measure price behavior for projecting next price actions

 

After the sold off, Wave 4 could end at around RM14.72 to 15.10 where ABC correction waves could have completed as labelled. Due to the unexpected strong momentum sold off, projected targets have been revised as above. PTI reading is still indicating the current correction level could still succeed Wave 5 at higher level to archieve both revised projected targets. 

The entired correction waves count would be revised if 13.80 is breached. All waves' count and projected target are generated based on past/current price level and it may be subjected to vary if degree of momentum movement change. 

Trade safely

Wave Believer      

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