QUOTE(TakoC @ Jul 24 2014, 07:32 AM)
Referring to Malton? Must read on waves rule already. Or maybe can help make the rest of us better understand help indicate the waves on the graph?

Morning Ah C.

Forgot about you..... and Malton.

Sorry.

This was the chart posted the other day.

What last lilin do you see?
It's a hammer on an uptrend - otherwise known as a hanging man.
Which unfortunately, as most lilin followers would know, it's a 'bearish' reversal.
Which is why it's interesting......

We have seen the stock rallying from 1 to 108....
remember the chart I posted before this on 19/7? ( I said "Things do a look better.....

" )
It look as if the stock got legs to really beyond .....
However....
volume dried up on the 21/7 (see I have absolute no power in what I write.... cindy is not my friend... LOL! )
then we saw the hanging man on 22/7......

here's the transactions on the 22/7

..... and yesterday.... stock reversed.... but only 1 sen.


if interested... perhaps 104 is the level to watch...
if it consolidates there.... (remember IF)
then.... there is a potential it might go up past 110.......
ps...
do take such observation of mine with tons of garam (not gadang - LOL!) .....
as you know....
I am not one who is good in such short trading....