Eight years ago, NST claimed Sersol is the X men of the stock market, after the stock climbed from a base of 8 sen in 2012 to peak at RM1.16 on July 2013.
This time around, Sersol has come from a base of 10 sen in 2020 , and on last count stood at 48 sen.
Chartist using mostly the Elliott Wave Theory by R.N. Elliott in the 1930s, have been predicting Sersol's second coming for some time now.
In the hands of an expert, the Elliot Wave Theory can do even the impossible as proven by Robert Prechter, who correctly predicted the bull run of the 1980's as well as with pin point accuracy the crash of the market in the 1980s.
Over the past two months some mean chartist have been predicting the rise of Sersol in forums, where mostly chart geeks hang out. Check out various chartist view on Sersol since June 2021
Now that Sersol had completed the wave B, based on the Eliott Wave Theory, it will be very interesting to see if for Sersol it will be
Coming around again
Nothing stays the same
But if you're willing to play the game
It will be coming around again.
Elliott Wave is not a trading technique. Traders and technical analyst avoid using the Elliot Wave , because of the apparently subjective nature of how it may be applied. Basically what I mean to say if you cannot think outside of the box, then this technic is not for you.