Elliott Wave TheGM (Independent Research)

We have been monitoring OXB since it was trading at RM0.42. As of today, the stock has rallied to RM0.475. Technically, the outlook remains bullish. Institutional or hedge fund buying or market operators may be driving the recent advance. If this is the…

Western Digital (WDC) presents a strong short-term bullish outlook, with its share price rising from 409 to 487, reflecting a gain of about 19%. This consistent price increase suggests renewed buying interest, particularly after completing wave ⓒ. Current market conditions indicate an early stage of increased volatility, now at 9.58, which points to heightened trading activity and greater investor involvement. The rising momentum reading of 6.57 further supports this price increase, showing strong buying interest without significant signs of weakness. In summary, the combination of rising prices, solid momentum, and active market participation strengthens the bullish outlook. While short-term pullbacks are normal after a significant rally, prices should ideally stay above 408.15, identified as wave ⓒ. A push above the VWAP, anchored from the all-time high of 800, would confirm an impulsive rally to the upside.

Secara keseluruhannya, lagu ini mengajar bahawa kasih sayang sahaja tidak semestinya menjamin kebahagiaan bersama. Ada kalanya, seseorang perlu belajar melepaskan orang yang dicintai dan menerima takdir dengan tabah. Mesej utama lagu ini ialah sesetengah perkara dalam kehidupan tidak akan berubah walaupun kita masih berharap, dan penerimaan adalah langkah terbaik untuk meneruskan kehidupan dengan lebih tenang.

Quick Update - KJTS Today's strong trading volume further reinforces the view that wave ((iii)) is extending. Renewed buying interest continues to absorb selling pressure, allowing prices to remain firm and confirming that buyers are still in control. KJTS has reached our previously highlighted RM1.12 target, and the current price action suggests that the uptrend remains intact. As long as overall market sentiment stays supportive, KJTS has the potential to extend its advance towards our next target at RM1.23. Although some selling emerged today, likely due to pre-weekend profit-taking, it was well absorbed by buyers. The ability of KJTS to hold its gains despite the selling pressure reinforces the strength of the underlying demand. Overall, we continue to maintain a bullish outlook on KJTS and expect further upside.

OGX Volume & Access Volume Report Since bottoming at RM0.19, trading volume has increased significantly, especially during the rise from RM0.30 to RM0.48. The Access Volume analysis shows buyer dominance. Of 324.99 million shares traded, buying pressure was 70.65 million shares (21.74%), while selling pressure was only 12.78 million shares (3.93%). This resulted in a Net Accumulated Access Volume of +57.87 million shares, or 17.81% of total volume, indicating sustained accumulation. Despite profit-taking, buyers absorbed selling pressure and pushed Accumulated AV to new highs, suggesting active buying by institutional investors. Conclusion The rise from RM0.19 to RM0.48 appears genuine, not driven by short-term speculation. The combination of rising prices, expanding volume, and positive Accumulated AV confirms that buyers remain in control. As long as Accumulated AV stays positive, the technical outlook remains constructive.

We have been monitoring OXB since it was trading at RM0.42. As of today, the stock has rallied to RM0.475. Technically, the outlook remains bullish. Institutional or hedge fund buying or market operators may be driving the recent advance. If this is the case, OXB could still be undervalued relative to its fair value. Using our divider projection, we derive a wave ⓥ target of RM0.60. Prices are now on the cusp of breaking above the all-time high at RM0.495. A decisive close of at least 3% above this level would strengthen the bullish case and increase the likelihood of further upside. Volatility is also expanding, with prices trading above the 2-standard deviation Bollinger Band and more than 1 standard deviation above the anchored VWAP from the all-time high. This supports the view that OXB remains in a strong bullish trend and could continue to rally towards its estimated fair value. Lets monitor OXB closely. FYI

Quick Update PWRWELL registered a new all-time high this morning at RM0.97, trailing other stocks in our portfolio. As mentioned in our previous update, we expect PWRWELL to trade higher, targeting RM1.00 to RM1.06, which we have labeled as wave ((iii)).…

Initiate a Long position at 224.70 for NVIDIA.

Quick Update - SLVEST If the recent breakout above RM3.20 marks the beginning of a new rally, prices should be able to close and hold above RM3.20. If renewed buying interest in SLVEST is genuine, it could support a move towards our RM3.47 target. SLVEST also appears to be affected by the strong performance of MNHLDG, which has rallied impressively in recent weeks. We continue to monitor both stocks closely. As previously highlighted, we view them as potential multi-bagger candidates if the current bullish momentum persists.

Quick Update PWRWELL registered a new all-time high this morning at RM0.97, trailing other stocks in our portfolio. As mentioned in our previous update, we expect PWRWELL to trade higher, targeting RM1.00 to RM1.06, which we have labeled as wave ((iii)).…

Quick Update KJTS has continued to rally, reaching our immediate target of RM1.12, which we highlighted a few days ago. However, minor wave ③ may still be extending, allowing prices to move above this level. With the current bullish market sentiment, KJTS could gradually advance towards the 1.618 Fibonacci expansion for major wave ((iii)), with a target of RM1.23. Please keep a close eye on your trades, as we acknowledge the risk of misjudging our timing with KJTS.

Quick Update - PEKAT The rising volume in PEKAT this morning, combined with advancing prices, indicates that the stock may soon break above the RM1.90 resistance. A successful breakout would enhance the bullish outlook and support our RM2.10 target. Our Access Volume analysis shows strong buyer dominance, with buying pressure at 30.40% of total volume compared to just 5.58% for selling pressure, resulting in a Net Access Volume of +1.98 million shares (24.82%). Notably, approximately 1.43 million shares were bought in the final observation, pushing Accumulated AV to its highest point of the day. This late-session buying often signals renewed FMPs interest, reinforcing the bullish outlook. Overall, the robust Accumulated AV and strong closing buying pressure suggest that buyers are firmly in control, increasing the likelihood of a breakout above RM1.90 and further movement toward our RM2.10 target.

MNHLDG recently staged a sharp rally, registering a new all-time high of RM3.41 following the announcement of a major joint venture. The company secured a RM122.3 million underground cable contract from Tenaga Nasional Bhd (TNB), lifting its outstanding order book to approximately RM1.8 billion. The positive development has renewed buying interest, driving prices higher while supporting analysts' upgraded earnings expectations. With improving fundamentals and strong bullish momentum, RM3.55 remains the next immediate target, with potential for further upside. From a technical perspective, the latest contract win further strengthens the view that MNHLDG has the characteristics of a potential multi-bagger over the longer term.

IJM has surpassed RM2.67 and broken above its trendline, signalling that bullish momentum is strengthening. If the rally continues, prices could advance towards RM2.89, completing wave c of (d) of the triangle pattern. Nevertheless, any pullback from the current level should be viewed as a healthy correction. Such a pullback would help strengthen the uptrend before the next advance.

JTGROUP Access Volume Analysis Our Access Volume analysis shows that buyers clearly dominated the session. Out of 48.44 million shares traded, Buying Pressure reached 11.92 million shares (24.61%), compared with Selling Pressure of 5.88 million shares (12.14%), resulting in a Net Access Volume of +6.04 million shares (12.47%). Strong buying emerged at the opening and, despite intermittent profit-taking, buyers continued to absorb the selling pressure, keeping Accumulated AV positive throughout the session. Buying momentum strengthened again towards the close, lifting Accumulated AV to +6.04 million shares, its highest level of the day. Overall, the positive order flow suggests that buyers remained firmly in control. The sustained accumulation and strong late-session buying indicate continued buying interest, supporting the current bullish trend.

As highlighted in our report this afternoon, JTGROUP's share price has generally responded positively to strong quarterly earnings and weakened following lower quarterly profits. Following the announcement of its latest RM9.3 million quarterly profit, the stock rallied strongly and today registered a new all-time high of RM0.86. Since the Golden Cross, JTGROUP has gained approximately 54%, confirming a strong bullish trend. The correction to RM0.445 that we labeled as wave ((ii)), which retraced 61.8% (0.618 Fibonacci), coincided with the decline in quarterly earnings before the recent recovery. The regression slope and R² reading of 5.96 over the 45-day lookback period (2-day chart) indicate that the current uptrend remains strong and well supported. Looking ahead, we expect JTGROUP's strengthening earnings prospects to support a higher valuation. We maintain our bullish outlook with a wave ((iii)) target of RM1.10.

"We may soon re-add JTGROUP to our portfolio. The stock is a strong candidate to hit a target price of RM1.00, offering significant multi-bagger potential."