Elliott Wave TheGM (Independent Research)

We have updated the stocks under our coverage and shared our latest analysis with subscribers, including what we expect to happen next and the key levels to watch. Subscribe and join our channel for more market updates.

We have published two new reports covering the latest stocks added to our monitoring list. We are bullish on both stocks and see potential for further upside. For more details and access to the full reports, please contact me directly

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We have started monitoring new stock as its Elliott Wave structure suggests it could become a potential multibagger, with an initial upside target of at least RM2.50 from the current level. In the bigger picture, we are looking higher toward RM2.80 if achievable. However, these projections are based on Elliott Wave analysis and other technical tools, so there is no guarantee that our forecast will play out as expected. With the recent increase in buying interest and strong volume skewed toward accumulation, we remain optimistic about the potential upside this stock. We will provide a full report at a later time once our analysis is complete. In the meantime, we will continue to monitor developments closely and update as needed. Buy the full report now, or subscribe to our daily analysis for ongoing insights.

One of the stocks under our monitoring is currently outperforming the Transportation Index by about 25%. Price action suggests that a partial correction may have been completed and the stock is now moving higher. At this stage, we still treat the current advance as potentially part of a broader corrective rally, unless it can break decisively above the previous high. From yesterday’s close, we are looking for an additional upside of around 13%, which coincides with the Fibonacci target we have identified. As long as this setup remains intact, we continue to look higher toward that objective.

One of the penny stocks under our monitoring has continued to show improvement, registering a new all-time high again today. This positive price action reinforces our constructive view on the counter, and we will continue to track its progress and update clients on any further developments. Read the report "........ is showing continued improvement and has registered a new all-time high. The increased in buying ratio and rising accumulation are supporting the upside, indicating sustained buying interest. Our current target is ......., but if this interest persists, further upside could be possible beyond that level.

Yesterday, we started monitoring a new penny stock and added it to our new monitoring list, as we believe it could potentially rally. If prices can continue to move higher despite the overall weak market sentiment, this could indicate that the stock is showing defensive strength. If this strength continues, we anticipate that prices could potentially register a new all-time high, representing approximately 20% upside from the current level. Follow us and subscribe now to learn how Elliott Wave can help guide your understanding of investor psychology, market behaviour, and potential market direction.

We are updating one of the stocks under our monitoring list and continue to maintain a bullish view, while allowing for the possibility of a minor pullback. Subscribe and join our channel for more market updates, guided Elliott Wave paths, and timely trading insights.

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Several stocks under our monitoring list continue to show defensive strength and are pushing to new highs. Most show no clear signs of reversal, while some may be undergoing a re-rating and potential regime shift. Despite the uncertainty following the Fed interest rate decision, selected stocks continue to outperform and show relative strength compared with the KLCI Index. This suggests that certain sectors within Bursa Malaysia remain defensive and resilient. However, we continue to advise our subscribers and students to remain cautious, as we cannot predict what may happen next. For now, price action in selected sectors remains healthy, with some stocks continuing to demonstrate strong leadership. As highlighted to our subscribers and students last week, we also shared our view on where the KLCI Index could be heading next and what we are monitoring from an Elliott Wave perspective. Our approach uses wave structure to help assess investor psychology, market structure, and the potential direction of future price movements. Subscribe and join our channel for more market updates and timely trading insights.

October Performance Report (2015–2025) October has been a neutral month for the KLCI. The average return was +0.16%, with 55% of years showing positive returns. The best October was 2022 (+4.71%), while the worst was 2018 (-4.68%). The standard deviation was 2.69%, showing that October can have fairly large movements in both directions. In 2025, the KLCI fell slightly by 0.17%, which was close to the historical average. Overall, October has no clear bullish or bearish seasonal trend. Market direction is likely to depend more on momentum and current market conditions.

KLCI Index September Performance (2015–2026) September has historically been a weak month for the KLCI. From 2015 to 2026, the average return was -2.00%, and only 17% of the years recorded positive returns. The weakest September was in 2022 (-7.77%), followed by 2026 (-4.33%). Only 2015 (+0.51%) and 2025 (+2.33%) recorded positive returns. The standard deviation was 2.52%, showing that September can experience large price movements. The -1 SD level was -4.52%, so the 2026 decline of -4.33% was close to the historical downside range. Overall, September has a clear bearish seasonal bias, with selling pressure occurring more often than sustained buying strength.

We are upgrading our target prices based on Elliott Wave structures, supported by technical analysis measurements, Fibonacci expansions, and retracement levels. Most of the stocks under our monitoring list, including the three new stocks recently added, are moving in line with our expectations. Many of these stocks appear to be transitioning into a new market regime, with the potential for further re-rating and higher valuations. So far, we have not observed signs of major capitulation among the stocks under our monitoring. Overall, their price action continues to perform well, InsyaAllah. Elliott Wave is not always the best tool and cannot predict market movements with certainty. However, we believe it can be particularly useful for understanding investor psychology and market behaviour. Subscribe and join our channel for more market updates and timely trading insights.

Two new stocks under our monitoring have started to rally, and we have already highlighted them to our subscribers. Subscribe and join our channel for more updates and timely trading insights.

We recently alerted subscribers to monitor one of the stock that may have formed a bottom. However, there is no guarantee that our observations will play out as expected. A detailed analysis will be shared with subscribers later. Subscribe and join our channel for more updates and timely trading insights.

Last month, we removed EMPIRE from our monitoring list after concerns arose regarding its price structure and our assessment of its potential downside risk. Since then, EMPIRE has experienced a significant decline. While Elliott Wave analysis is not always correct and cannot predict unexpected events with certainty, the wave structure provided an early warning of the potential for a bearish outcome. This is a good example of how Elliott Wave can help us identify potential risk and changes in market structure before a major price decline becomes obvious. For us, the key value of Elliott Wave is not predicting the future with certainty, but helping us recognise potential risk early and manage our exposure accordingly.

We expect the stock to stabilise around the current level. If this scenario is correct, a break above RM? could signal further upside. Volume analysis shows that buying ratio is higher, suggesting potential buying interest around the current level. Momentum is also rising, supporting the possibility that this stock is stabilising. Despite the recent sell-off in the KLCI Index, this stock has remained relatively resilient and appears to be stabilising. However, we could still be wrong in our interpretation. A sustained break above RM?would strengthen the upside outlook and could open the door to higher levels.