Hi connie, yr bottom channel line should start with wave ii, not the origin of wave i. Yr channel is like the Andrew pitchfork channel. In EW we draw the channel as above.

As to hsif, I can see one wave (x) already formed ... and probably one more wave (x) forming. Wave x are on the upper channel.. it means the wave would probably move up to the upper channel to form the 2nd wave x

Furthermore, TopGlove is now trending above the Ichimoku Cloud.

Hi connie... Today's correction in TopGlove is probably wave 2 correction of wave 3 .... I expect it to resume its wave 3 of 3 after X'mas.

The qtr result ending Sept 2016 was stated using exchange rate abt 4.27... since then USD rate is now 4.48....

I think there is upside in TopGlove.

The other confluence is :- the chart pattern shows a reverse H & S pattern with neckline at 5.33.

Nobody believes this type of comments. The audit findings of 1MDB are kept secret & M'sia refused to cooperate with Swiss investigation..

"The biggest and costly mistake a trader can make is trying to catch the bottom..."
I totally agree with this view. Cos, u only know the bottom in hindsight.
Years back, most of my losing trades are trying to catch the bottom. Suprisingly, all my wining trades are not bought at the lowest prices

"the stone age ended not for the want of stones, and the oil age will end before the world runs out of oil". This statement was made by the SA Oil Minster, Yamani in the 1970s.

It is becoming a reality. In fact the world should have emerged fr the oil age earlier if not for the self interest of the giant oil companies. The pipelines, oil infrastructure, oil tankers ... are huge investments and those oil giants wants to get the maximum returns before putting them into the scrapyard.

This old news.

TopGlove sells powdered gloves to US for non-medical purposes. It can switch to non-powdered gloves anytime depending on what the customer wants.

Nothing can fight technology.

Foreign funds pulling out of Genting, I suppose

Hope? yes. hope spring eternal in all humans. That is why u can see forumers shouting $9, $10 for no obvious reasons.

More simple - a kid with a pencil and a ruler can make millions.

The correction fr 4.90, I label as w (ii). which means it is an expanding diagonal.

Sori ......The wave top (A) I label as wave (iii)

connie.. the top of wave at 4.90 I labelled at w (i). The wave top (A) I label as wave (ii).

Top Glove has just finished its leading diagonal i.e. wave 1 & 2 and is not embarking on the start of wave 3...

connie - take a look at Top Glove...

Axiata has got a huge USD1.4 billion unhedged debt.

The same reasoning applies to palm oil plantation companies. But times now favour exporters. Of course, nothing last forever. Most investors are short term players.

If it breaks 5.33, all the hell will break free ...

A reverse head n shoulder pattern in the making. Neckline is at 5.33. I suppose this is the target.

Which u would choose to believe?
JF Apex Securities :-
Maintain HOLD with unchanged target price of RM4.88. Our valuation for Top Glove is pegged at 17x FY17F EPS, which is close to its 3-year mean PE. We reckon that the market has factored in the positives and hence we foresee limited upside to the share price with unfavourable risk reward.

The problem is Trump's inward looking policies will bring a gloomier outlook for the rest of the world. If other countries are not doing well, where will the tourist come from? The bulk of the tourist visting the world comes fr China. And Trump's policies will probably affect China more.

Competition is everywhere. Just compare Genting Highlands with Macau. Macau has so much to offer.

Fed raises rates, sees faster pace of increases in 2017

Fed raises rates, sees faster pace of increases in 2017

The new normal for crude oil have to live with this fact - US is self sufficient in oil for the first time in 3 decades. Shale oil companies are reported to have sold their production forward now that oil price is higher. Without doubt, they can start to increase their output again.

According to their CEO, a lot of its sales increase is due offline sales. Maybe Tune did not give incentives travel agents resulting in customers purchasing travel insurance fr other insurance co

The USD appreciation gain for exporters is the low hanging fruit. Now, what if demand for their goods drop?
I think that is the reason why some export-orientated stocks rise and then drop again. That said, it is good for 'hit n run' strategy.

If KLSC drop below 1600pt,i can smell the doom day is near.
1987 - Black Monday
1997 - Asia financial crisis
2007 - Lehman brother bankruptcy
2017 - ????

During the last 1997 Asian crisis, it is the US that pulled the SEA countries out of the mud. Even with no capital controls, the Won, Bath etc rallied after Fed started lowering its interest rates.

1997 - foreigners exiting SEA stock markets
2017 - ? I guess - foreigners exiting SEA bond markets. Who is the saviour this time?

Most ppl nowadays have a lot of life insurance policies. Travel insurance is extra. I do not buy travel insurance.

"It is Normal to travel AirAsia but not normal to buy travel insurance"

My wife was on a sponsored trip. The ticket was Air Asia but the travel insurance the association bought for her was AIA.

If u notice, the substantial shareholders have given notice to KLSE to deal in their shareholdings. It means to buy or sell? U can guess.
They did the same months ago.

The big question now is does Axiata group has huge USD debts?

Uncle Lim said in an interview months ago, Genting is not expected to declare big dividends as it needed funds to invest overseas.

we are ikan bilis. Comments here are not able to pull the price down. If u look at the volume, it is the institutional players selling. It is no brainer that when all wants to sell, the buyer will quote lower n lower prices to absorb the selling.
They did this to Maxis. See how Maxis climb back after all the selling.

Yes, connie. EW tells that to make $$$, it is not necessary to buy at the lowest. But most of the time we are taught to buy at the lowest.

There is a Ichimoku daily n weekly support at 3.65 for Axiata

The ringgit depreciated to its weakest level at 4.4653 against a strengthening U.S. dollar so far today, on expectation of a U.S. interest rate increase next month.

looking at Axiata's price quote, I think Axiata has suspended trading

looking at Axiata's price quote, I think Axiata has suspended trading

some forumers at Axiata remarked whether that Axiata has suspended trading.
Looks like !!

is the counter suspended ??

The company submitted amended qtr report. But the report did not make much difference.

My views same as yrs

From its high in 2013 till now, Axiata has only dropped abt 50%. My view is that it is heading towards its fibo of 61.8% which would take it below $4.00.
Every support line has been broken with no imminent with no strong rebound.
My question now is "does Axiata group has loads of USD debt" ??

current yr to date profit : 929,222 EPS 9.2
previous yr to date profit : 2,120,828 EPS 24.2

profit suffer drastic drop ??
EPS 9.2 cts + final qtr EPS (assuming 3.0 cts) = 12 to 13 cts ?? (EPS for full yr)

I think those insiders have been selling all along.

Posted by Junichiro > Nov 1, 2016 07:33 PM | Report Abuse X

Its 5 waves having completed, FGV is now its corrective waves down.

The above was posted on Nov 1, 2016. Who says nobody post abt FGV going down?

A possible low of 1.66 for FGV taking into account Fibo cluster

EW points to the possibility of an irregular wave in FGV

Maybe someone should prepare a list of companies holding USD debt.

From m'siakini
"There's a massive back and forth going on between banks and Bank Negara Malaysia (BNM) now," said a banker at a foreign bank in Malaysia that deals in foreign currency transactions.

"This is a type of indirect capital control ... I see a flood of people exiting Malaysia."

Read more: https://www.malaysiakini.com/news/363215#ixzz4QHDAkQI2