Worst over for SAAG? update

If my wave reading is correct, the worst that can happen to SAAG is to go to previous low RM0.14. I believe so correction wave 2 (labeled blue on the chart) almost over, near to the previous low. That is  a very good correction.  Bullish wave 3 could start anytime.  Target over RM 0.40 for mid to long term holding, say several months. See the above SAAG weekly chart. click to enlarge.

The news that SAAG of RM406m power plant job awarded to SAAG should provide the break after a long downtrend. For this reason alone, there should be a short term play this week (07 dec).

For medium term holding, can wait for confirmation (up trend or breakout should tested). There are many investors stuck with it that are very eager to sell after a long period of downtrend. Can wait for correction (sub-wave 2) incase it surge up. Especially when the mid to longer term target is over RM0.40 cents.

short update : as close yesterday, the price is testing the recent low (if failed watch out for further downtrend). Potential to create bullish micro double bottom pattern but need strong confirmation by volume (as for now, the volume is weak).  Stock with very low price like this prone to be manipulated by syndicates ; not every trader's cup of tea.

If my wave reading is correct, the worst that can happen to SAAG is to go to previous low RM0.14. I believe so correction wave 2 (labeled blue on the chart) almost over, near to the previous low. That is  a very good correction.  Bullish wave 3 could start anytime.  Target over RM 0.40 for mid to long term holding, say several months. See the above SAAG weekly chart. click to enlarge.

The news that SAAG of RM406m power plant job awarded to SAAG should provide the break after a long downtrend. For this reason alone, there should be a short term play this week (07 dec).

For medium term holding, can wait for confirmation (up trend or breakout should tested). There are many investors stuck with it that are very eager to sell after a long period of downtrend. Can wait for correction (sub-wave 2) incase it surge up. Especially when the mid to longer term target is over RM0.40 cents.

short update : as close yesterday, the price is testing the recent low (if failed watch out for further downtrend). Potential to create bullish micro double bottom pattern but need strong confirmation by volume (as for now, the volume is weak).  Stock with very low price like this prone to be manipulated by syndicates ; not every trader's cup of tea.

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