KLSE Composite

9 Jul 2019 ‚óŹ 06:59 AM

The long term rally into the 2018 high for Malaysian stocks was probably a truncated wave E cause prices fell short of new highs, despite a complex pattern. What followed was a 5 wave decline that is overlapping and is a leading diagonal in wave A. Wave B has retraced 38.2% recently and daily momentum is rolling over to the sell side. So we could start wave C down that usually ends below wave A and C=A goes to 1410

KLSE 090719

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