EDEN UPDATES

EDEN sector: Trading/Services
Bursa Malaysia stock code 7471 

No decisive change since my last commentary in this blog. Perceived the current downtrend is in wave 2, which haven't ended. Bullish wave 3 is after wave 2 but other signals says, wave 2 haven't ended yet. Will leave it aside for a while.

Above : EDEN daily chart (click to enlarge)

Previous points:
1. The major uptrend (oct 08 to jun09) already corrected over 61.8%
2.Believe so a new 5 wave sequence is developing. The minor wave 2 haven't find the ending (could go to recent low 0.35 if no rebound about current level), wait for rebound signal.

other info: http://biz.thestar.com.my/eden

EDEN sector: Trading/Services
Bursa Malaysia stock code 7471 

No decisive change since my last commentary in this blog. Perceived the current downtrend is in wave 2, which haven't ended. Bullish wave 3 is after wave 2 but other signals says, wave 2 haven't ended yet. Will leave it aside for a while.

Above : EDEN daily chart (click to enlarge)

Previous points:
1. The major uptrend (oct 08 to jun09) already corrected over 61.8%
2.Believe so a new 5 wave sequence is developing. The minor wave 2 haven't find the ending (could go to recent low 0.35 if no rebound about current level), wait for rebound signal.

other info: http://biz.thestar.com.my/eden

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