Time to revisit Guocoland.... big time accumulation is ongoing to prepare to next move ?

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Weekly Trend
Big picture, weekly trend we are riding wave 3 impulse wave, you can see the wave was temporary halted by fib 161.8%  projection target, which is about RM 2.08. The question raise at this moment is the trend will continue or a will reverse down ?

Daily Trend
The answer will be reveal through unfold the chart to smaller time frame which is daily or down to hourly chart. let take c closer look in to the chart 

Currently we are in extended wave 3 of 3 in main trend, med trend wave is correction wave, which is a complexity wave 4 correction, when wave 2 is simple correction, most of the time wave 4 is complex correction, let zoom down smaller wave, we are just completed FLAT, which is ABC... what is next ? I am anticipate contracting triangle is coming, which will offer opportunity for me to collect this stock... you can see I used hand drawing to drafted abcde contracting triangle....
many ppls said Elliot wave is very subjective and no accurate ... the answer for me yes or no... it like human have emotion, it will change according to the time, issue and ppls deal with this stock... you got to understand it like understand your love one ...
let come back to the stock analysis, let me share about the SPEC of the wave correction

Description
A Combination combines several types of corrections.
These corrections are labeled as WXY and WXYXZ if it is
even more complex. It starts for example with a Zigzag
(wave W), then an intermediate X wave, then a Flat (wave
Y) and so on. A so-called double or triple three is also a
Combination, but this pattern combines Flats separated by
X waves.
Rules and guidelines
• All types of corrective patterns can combine to form a
bigger corrective pattern.
• The rules and guidelines, as mentioned for other
corrective patterns apply.
• A triangle in a Combination should normally occur at the
end.
• Corrective patterns in a Combination normally show
alternation.
In which wave
Generally a Combination occurs mostly in B, X and 4, it is
less common in A and rare in 2.
Internal structure
For example a Zigzag, followed by a Flat, followed by a
Triangle has the following internal structure:

5-3-5(Zigzag)-5-3-5(X)-3-3-5(Flat)-3-3-3-3-3(Triangle).

Summary 
what is my take of Guocoland ??? something big is happening ...don't ask me what because I don;t know what are the news... the chart is my friend and I can read from it. big thing is coming
My action :
I will start buying
SL and TP pls refer to the KAKAO talk group,, it is free education group which is not give tip of trading advise... I don't disclose any TP and SL is to prevent stop hunting...

DISCLAIMER:

Stock analysis and comments presented on klseelwavetrading.blogspot.com are solely for education purpose only. They do not represent the opinions of klseelwavetrading.blogspot.com on whether to buy, sell or hold shares of a particular stock.
Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into an expert's stock analysis or opinion.
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What is the impacts of rising petrol prices?

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Despite the expected rising cost of living expenses and the revise of BLR rate, government still decide to reduce petrol subsidies ,with the RON 95 petrol and diesel prices slated to increase by 20 sen per litre at the stroke of midnight.

In fact, a recent Bloomberg Gasoline survey of 60 countries, Malaysia was ranked highly in terms of cheapest places to buy gasoline, tying with Nigeria, with only Iran, UAE, Egypt, Kuwait, Saudi Arabia and Venezuela offering cheaper pump prices.  (The survey was done before the recent price hike, but even factoring it in doesn’t change the ranking all that much.)

Several economic sectors, such as agriculture, construction, manufacturing, and transportation, use oil to produce output. Hence, the oil price fluctuation can affect these sectors.

Agriculture

Numerous studies from different countries have reported that a surge in crude oil prices significantly affects economic growth. The agriculture sector is one of the economic sectors that is harmed by higher oil price, as this sector inevitably consumes oil to run activities in agriculture. Several types of machines, such as tractors and croppers, use oil as power generator in the production, for instance, in cropping and carrying products such as rubber, coco, fruits, vegetables, and other agriculture products. Therefore, an increase in oil price can cause farmers more expense.

Construction

Rising oil price also can influence the construction sector as it pushes up the costs of raw materials. Suppliers inevitably increase raw material prices for contractors to cover higher transportation costs. The higher prices also cause higher shipping costs In the construction sector, oil price increase causes the contractors to incur the higher costs of raw materials.

Manufacturing

The manufacturing sector is also affected, as an increase in oil inevitably increases production costs. The number of production has to be reduced, which increases product prices, and, consequently, decreases consumer demand. High oil price has affected the cost and quantity of raw materials purchased mainly for manufacturers, as oil price affects the shipping costs of raw materials purchased for production.

Transportation

The fluctuation in oil price also threatens the transportation sector. This sector is tremendously dependent on oil as commodity for the execution of activities for transportation. Oil consumption on transportation escalates, such that fare, as in public transport, has to be increased. The affected transportations include buses, railways, and other shipping transport means. In this situation, when the oil price increases, transportation costs are affected, thus reducing transport demand.

People's Living Costs

The rising of fuel price will directly cause direct impact to us on transportation cost. For example, if you consuming RM200 petrol per month , you may need to pay up additional 10%. Besides that, we got pay extra for our food and other expenses also. This is due to the chain effect of petrol price rising to various sector which caused inflation.

However there will be certain sector emerged to benefit from the petrol hike also like car manufactures.

Car manufacturers are increasingly looking to hybrid and fully electric vehicles as the key to the future even here in Malaysia, while some countries are already pushing for biofuels to reduce dependency on petrol and diesel. The European Union, in 2008, set a target for renewables to comprise 10 per cent of transport fuel by 2020, most of which would come from so-called first generation biofuels made from sugar, cereals and oilseeds. Some of the leading Hybrid cars is Malaysia is Honda Jazz and Toyota Prius.

Closer to home, Klang Valley’s ambitious MRT and LRT-extension projects, which are currently on-going, will hopefully help to encourage more people to opt for public transport to travel to work and back.

If the Land Public Transport Commission can get its act together and put into place a proper feeder bus network, and ensure and enforce bus lanes on major roads as well as improve public bus services outside the city, then the pain of increasing petrol prices will no longer matter.