BRDB - stock code 1473

BANDARAYA DEVELOPMENTS BERHAD sector : properties price: 1.59

1. Well corrected (68% Fibonacci rebound).
2. Multiple (different wave scale reading) : Both Elliot immediate and minor wave 'agree'. Think so Elliot minor wave 2 (white numbering) in the making, could end anytime. Bullish wave 3 should come very soon. Elliot immediate bullish wave 3 (blue numbering) could already started. It need the break out from 1.65 pt, to confirm it is the bullish immediate wave 3 and will go far.

3. Short-to medium term target: 1.70 to over 2.00.

4. Final forget it signal is the collapse of support/pivot 1.33

Below : BRDB daily chart (click to enlarge)

Below : BRDB weekly chart (click to enlarge)

More financial data on BRDB http://biz.thestar.com.my/marketwatch/charts/l.asp?code=1473~BRDB&p1=1.62&p2=1.6&p3=1.61&p4=1.56&p5=1.56&p6=-0.06&p7=-3.70&p8=330&p9=0.81

Turning around a conglomerate dec 09

OSK sees BRDB riding on 2011 property up cycle october09

AmResearch initiates coverage on Bandar Raya with a hold call oct 09

More news on BRDB : http://archives.thestar.com.my/last365days/default.aspx?query=brdb