BRDB TECHNICAL UPDATES - TARGET ACHIEVED

BANDAR RAYA DEVELOPMENTS BHD stock code 1473

So far so good but now in sideway  mode.

As mentioned in previous post:
"Short-to medium term target: 1.70 to over 2.00." 
Read it here:  klse-stocks/brdb
Target achieved.

Previously mentioned:
"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."

And now:
Elliot immediate wave 2 (blue) has ended (with the breakout of both RM1.65 and RM1.92 price level. Now also in bullish wave 3 which also can end anytime since it has fulfilled the wave minimum requirements.

Now in a sideway mode. Next upside potential minimum is about to RM2.30 (Fibonacci target).  Look for volume increase for upside signal. RM1.93 is the support zone to watch for, as the weakness signal.

Below: BRDB daily chart (click to enlarge)

Other info at http://biz.thestar.com.my/brdb

BANDAR RAYA DEVELOPMENTS BHD stock code 1473

So far so good but now in sideway  mode.

As mentioned in previous post:
"Short-to medium term target: 1.70 to over 2.00." 
Read it here:  klse-stocks/brdb
Target achieved.

Previously mentioned:
"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."

And now:
Elliot immediate wave 2 (blue) has ended (with the breakout of both RM1.65 and RM1.92 price level. Now also in bullish wave 3 which also can end anytime since it has fulfilled the wave minimum requirements.

Now in a sideway mode. Next upside potential minimum is about to RM2.30 (Fibonacci target).  Look for volume increase for upside signal. RM1.93 is the support zone to watch for, as the weakness signal.

Below: BRDB daily chart (click to enlarge)

Other info at http://biz.thestar.com.my/brdb

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