KLS · Energy · Weekly analysis

7228 Elliott Wave report

T7 Global Berhad

Latest close MYR 0.255 Week ending 18 Sep 2026 History 276 weeks
Current reading

The wave count points to a decline

The selected pattern describes a move downward. Compare it with trend, momentum and the price levels below before drawing a conclusion.

60/100 Setup score 100/100 Data quality Triggered Setup status
A setup score is a measure of fit, not a probability or price forecast.
How to use this report

Start with price. Read the selected pattern and the weekly closing levels beside the chart. “Confirm” means a move supports that interpretation; it does not guarantee a return.

Compare the evidence. A wave count can disagree with the trend, momentum or sector. The report points out those differences before looking at timing.

Check the limits. Timing windows are estimates, the last swing can move, and historical outcomes vary. Open the rules and data notes for more detail.

01 · Price & key levels

The pattern and the prices to watch

Selected wave countPossible bearish Wave 2 crest

Numbers 1 to 5 label the successive legs of the selected wave pattern. The last point can still move.

Other readingsThe other readings support this direction

4 of 7 available readings support the downward wave interpretation; 2 lean against it. Agreement adds context, but does not guarantee the next move.

Main uncertaintyHigh count stability

The most recent swing is still forming and can extend. A settled label needs a confirmed reversal.

Weekly price and wave pattern

Move across the chart to inspect a week. Turn on explanations for a guide to the marked points.

Weekly close30-week trendFair ValueConfirmationCount failureSelected pattern

The shaded area marks the selected pattern. Filled dots mark confirmed turns; the outlined dot is still forming. Prices use completed weeks; changing the chart range does not recalculate the count.

Weekly chart values
Prices in MYR · the history displayed on the chart
Week endingClose30-week trendFair Value
2023-09-290.480.4430.3791
2023-10-060.4550.44430.3794
2023-10-130.4650.4470.3798
2023-10-200.4650.44920.3804
2023-10-270.480.45180.3811
2023-11-030.470.45330.3816
2023-11-100.470.4550.3821
2023-11-170.470.4570.3825
2023-11-240.4550.45820.3826
2023-12-010.450.45930.3825
2023-12-080.4350.46020.3824
2023-12-150.4350.46030.3823
2023-12-220.440.46130.3826
2023-12-290.440.46230.3827
2024-01-050.4450.46320.383
2024-01-120.4350.46180.3832
2024-01-190.4450.46150.3832
2024-01-260.460.4620.3835
2024-02-020.470.46230.3839
2024-02-090.470.46230.3843
2024-02-160.480.46320.3846
2024-02-230.500.46450.3852
2024-03-010.510.46550.3857
2024-03-080.510.46650.3863
2024-03-150.530.4690.387
2024-03-220.490.46930.3875
2024-03-290.5250.47080.3884
2024-04-050.530.47280.3891
2024-04-120.530.47430.39
2024-04-190.5150.47520.3908
2024-04-260.520.47650.3916
2024-05-030.5250.47880.3924
2024-05-100.530.4810.3933
2024-05-170.530.48320.3944
2024-05-240.5250.48470.3954
2024-05-310.5150.48620.3963
2024-06-070.5150.48770.3974
2024-06-140.500.48870.3982
2024-06-210.500.49020.3991
2024-06-280.4950.49170.3998
2024-07-050.4950.49370.4007
2024-07-120.500.49580.4018
2024-07-190.5150.49830.403
2024-07-260.5150.50080.4041
2024-08-020.4950.50250.4051
2024-08-090.4650.50350.406
2024-08-160.470.50430.4069
2024-08-230.4450.50380.4075
2024-08-300.4850.50430.4085
2024-09-060.4650.50420.4093
2024-09-130.470.50380.4102
2024-09-200.480.50320.4111
2024-09-270.450.50120.4119
2024-10-040.4750.500.4127
2024-10-110.460.49770.4135
2024-10-180.5050.49820.4145
2024-10-250.5050.49750.4154
2024-11-010.510.49680.4163
2024-11-080.5150.49630.4172
2024-11-150.500.49580.418
2024-11-220.5050.49530.419
2024-11-290.500.49450.4199
2024-12-060.4950.49330.4207
2024-12-130.4850.49180.4214
2024-12-200.480.49030.4221
2024-12-270.4950.48970.423
2025-01-030.490.48880.4238
2025-01-100.4850.48830.4246
2025-01-170.480.48770.4253
2025-01-240.480.48720.4261
2025-01-310.480.48670.4269
2025-02-070.460.48530.4275
2025-02-140.4750.4840.4282
2025-02-210.500.48350.4291
2025-02-280.490.48330.43
2025-03-070.4650.48330.4307
2025-03-140.4750.48350.4314
2025-03-210.460.4840.4321
2025-03-280.500.48450.433
2025-04-040.310.47930.4328
2025-04-110.260.47230.4321
2025-04-180.280.46570.4316
2025-04-250.270.45970.4311
2025-05-020.270.45280.4305
2025-05-090.2650.44630.4299
2025-05-160.280.43880.4294
2025-05-230.250.43030.4288
2025-05-300.2550.42180.4282
2025-06-060.250.4130.4276
2025-06-130.2650.40520.4272
2025-06-200.250.39670.4267
2025-06-270.2550.38850.4262
2025-07-040.2450.38020.4257
2025-07-110.250.37230.4253
2025-07-180.250.36470.4249
2025-07-250.2650.3570.4246
2025-08-010.270.34970.4243
2025-08-080.2550.3420.4239
2025-08-150.260.33470.4236
2025-08-220.2550.32720.4233
2025-08-290.240.31920.4229
2025-09-050.240.31180.4224
2025-09-120.2350.30380.422
2025-09-190.2350.2950.4214
2025-09-260.240.28670.4209
2025-10-030.260.27980.4205
2025-10-100.2650.27280.4201
2025-10-170.2550.2660.4196
2025-10-240.250.25770.4191
2025-10-310.260.2560.4186
2025-11-070.3050.25750.4184
2025-11-140.3250.2590.4183
2025-11-210.320.26070.4182
2025-11-280.300.26170.4179
2025-12-050.3050.2630.4177
2025-12-120.2850.26320.4173
2025-12-190.2950.26470.417
2025-12-260.2950.2660.4168
2026-01-020.2950.26750.4165
2026-01-090.310.2690.4162
2026-01-160.3150.27120.416
2026-01-230.310.2730.4155
2026-01-300.290.27450.4149
2026-02-060.2850.27570.4141
2026-02-130.2750.27650.4132
2026-02-200.2750.27680.4124
2026-02-270.270.27680.4114
2026-03-060.260.2770.4104
2026-03-130.260.2770.4096
2026-03-200.260.27720.4088
2026-03-270.2650.2780.4079
2026-04-030.2550.27850.4068
2026-04-100.2550.27920.4057
2026-04-170.280.28070.4049
2026-04-240.280.2820.404
2026-05-010.270.28230.4031
2026-05-080.2650.28230.4021
2026-05-150.260.28250.4011
2026-05-220.260.28280.4001
2026-05-290.2550.28270.3991
2026-06-050.2550.2810.398
2026-06-120.2450.27830.3966
2026-06-190.2350.27550.3952
2026-06-260.2350.27330.3938
2026-07-030.250.27150.3925
2026-07-100.250.27030.3911
2026-07-170.250.26880.3897
2026-07-240.2550.26750.3884
2026-07-310.260.26630.387
2026-08-070.2650.26480.3856
2026-08-140.2650.26320.3844
2026-08-210.2650.26170.383
2026-08-280.2650.26080.3817
2026-09-040.2650.26020.3804
2026-09-110.2550.25950.3789
2026-09-180.2550.25880.3774
4-week return -3.8%
13-week return 8.5%
26-week return -1.9%
52-week return 8.5%
From 52-week high -27.1%
26-week volatility 21.7%
02 · Wave count

How the wave count fits

The chart uses a 6.3% closing-price reversal threshold. Filled markers are confirmed pivots; the outlined final marker is still forming.

Scenario comparison

Compare the possible patterns

Possible bearish Wave 2 crestPrimary swing size · Leading6%
Five-wave decline matureStrategic swing size88%
Possible bearish Wave 2 crestTactical swing size6%
Weights compare the displayed patterns; they are not probabilities. The same pattern can appear at different swing sizes.
Leading wave count

Possible bearish Wave 2 crest

6% evidence weight

The count below meets the required wave rules. The details show which swings and proportions support it. A valid pattern is still an interpretation of past price moves.

Confirm below 0.235 Fails above 0.28 Count stability High · 100/100
Wave rules and proportions
PassWave 2 protects the Wave 1 originOrigin 0.28; Wave 2 0.255.
GuidelineWave 2 retracement is proportionateRetraced 44% of Wave 1.
Strategic degreeFive-wave decline mature

Strategic degree uses a 10.1% weekly closing-price reversal threshold.

Primary degreePossible bearish Wave 2 crest

Primary degree uses a 6.3% weekly closing-price reversal threshold.

Tactical degreePossible bearish Wave 2 crest

Tactical degree uses a 4.4% weekly closing-price reversal threshold.

Active swing 8.5%

12 weeks · Forming

Nearest confirmed support 0.235

Pivot from 2026-06-26

Nearest confirmed resistance 0.28

Pivot from 2026-04-24

30-week trend 0.2588

Price is -1.5% from trend

Fair Value reference 0.3774

Price is -32.4% from Fair Value

52-week range position 21%

0.23 low · 0.35 high

03 · Supporting evidence

Where the evidence agrees or disagrees

4 of 7 available readings support the downward wave interpretation; 2 lean against it. Agreement adds context, but does not guarantee the next move.

57% directional agreement

The other readings support this direction. 4 readings support the selected direction; 2 lean against it.

Trend

Price remains below its 30-week trend.

1.5% below trend
Cycle pressure

The medium-term pressure curve is not rising.

Falling
Cycle alignment

Cycle lengths are not moving in one clear direction.

Mixed
Relative strength

Underperforming its benchmark

-4.7
Market activity

Participation is supportive

+3.2
Market dynamics

Price and volume behaviour is supportive

+0.9
30-week momentum

Medium-term momentum is negative

-7.3
Balance of readings Defensive

2 constructive, 4 weak and 1 neutral measures.

Agreement describes direction among the readings. It does not necessarily support the selected wave count.

Market activity

Whether participation is supporting the move.

Participation is supportive. This challenges the downward wave view.

Relative strength

Performance against the market benchmark.

Underperforming its benchmark. This supports the downward wave view.

30-week momentum

The pace of the medium-term price move.

Medium-term momentum is negative. This supports the downward wave view.

Market dynamics

A separate scale prevents this lower-range measure being hidden by relative strength.

Price and volume behaviour is supportive. This challenges the downward wave view.

04 · Cycle timing

What cycle timing adds

Cycle estimates help describe timing. They do not set a date for the next price turn.

Cycle pressure is falling. A recovery in price needs support from the other readings.

Cycle repeat scores range from 0 to 6/100. Low scores mean the past rhythm is irregular, so the projected weeks deserve less weight.

Pressure phaseFalling

Current medium-term pressure direction

Cycle agreementMixed

50/100 constructive · 50/100 risk

Estimated next low3 weeks

Timing estimate, not a dated forecast

Estimated next high11 weeks

Timing estimate, not a dated forecast

Cycle pressure

Above zero is positive pressure; direction matters more than the absolute number.

Shorter and longer cycles

The thick line is the blended reading; thinner lines show 20, 40 and 80-week components.

An observed cycle is the repeat found in past prices. The repeat score describes how clearly it appears. FLD is a shifted price reference used to check a turn. Low timing scores can coexist with a positive price-cross check.

Typical / observed cycle10w / 8w
Current phaseFalling
Repeat score2/100
Price-cross check (FLD)Crossed Down
Since last trough12w
Possible next low1–7w
Typical / observed cycle20w / 15w
Current phaseFalling
Repeat score0/100
Price-cross check (FLD)Crossed Down
Since last trough12w
Possible next low0–7w
Typical / observed cycle40w / 43w
Current phaseTroughing
Repeat score6/100
Price-cross check (FLD)Crossed Down
Since last trough9w
Possible next low25–43w
Typical / observed cycle80w / 60w
Current phaseRising
Repeat score2/100
Price-cross check (FLD)Crossed Down
Since last trough11w
Possible next low38–60w
05 · Risk

Risk behind the price move

Wave structure is easier to judge when drawdown, volatility and participation are visible beside it.

Risk in context

How much room price has to move

Price is 51.9% below the highest weekly close in the stored history. It is 27.1% below the 52-week high. The two figures use different reference points.

Largest contributors to the risk score

  • Cycle rollover

    Medium-term cycle pressure is falling.

  • Multi-cycle risk

    Hurst risk alignment is 50/100.

Downside risk check

Contained

19/100
Wave maturity0/25
Trend extension0/20
Range position0/15
Cycle rollover11/15
Multi-cycle risk8/15
Count instability0/10
Event proximity0/10

This score combines the risk checks shown here. A higher score means more warning signs, not a measured probability of a fall.

52-week low0.23
52-week high0.35
Annualised volatility21.7%

Based on the latest 26 weekly returns

Average weekly range3.6%

Average high-to-low range over 13 weeks

Current drawdown-51.9%

From the highest close in the stored record

Latest volume43%

Of its trailing 20-week average

Drawdown history

Distance below the highest prior weekly close.

Realised volatility

Annualised variability of the latest 26 weekly returns.

Relative volume

Weekly volume as a percentage of its 20-week average.

06 · Market context

Sector trends and upcoming events

Compare the pattern with other stocks in the sector, then check whether an event could change the price picture.

Sector breadth

Upward wave counts are not a majority among the analysed peers. That alone does not establish a downward sector trend.

50% constructive

11 of 22 analysed peers have a leading upward wave pattern.

55% have improving cycles Breadth shows whether peers share the structure. Cohort outcomes use non-overlapping, point-in-time trend and momentum states from the same sector and report benchmark excess return when matching benchmark bars exist; they are context, not a backtest of the Elliott count.
Earnings and options

Event information is limited

No additional warning is recorded. Missing event data does not rule out a surprise.

These are the latest stored event readings. Missing earnings or options data does not mean that event risk is absent.
Peer-state horizonNon-overlapping samplesPositiveMedianMedian excess vs ^KLSEMiddle 80% of returns
4 weeks18743%0.0%-0.8%-12.3% to 10.5%
13 weeks11044%0.0%-2.2%-17.7% to 28.6%
26 weeks8552%0.6%-2.0%-23.1% to 40.6%
07 · History

What happened after similar readings

After similar readings, the middle 4-week return was +1.5% across 19 completed outcomes. The range below shows how far individual outcomes differed. Overlapping weeks are not independent tests of this wave count.

20 similar weekly states

Typical return after a match

Median outcome after each matching historical week.

4w
1.5%
13w
6.1%
26w
10.4%
HorizonMatchesPositiveMedianRange
4 weeks 19 53% 1.5% -5.2% to 28.0%
13 weeks 17 65% 6.1% -46.4% to 25.5%
26 weeks 17 59% 10.4% -50.0% to 34.9%

Overlapping historical matches are descriptive context, not independent observations or a forecast.

Data quality, rules and limitations
Evidence quality100/100

This measures usable history, indicator coverage and confirmed swing points. It does not measure the chance of the scenario succeeding.

Weekly history
100/100
Indicator coverage
100/100
Confirmed structure
100/100
Model ewc-2.1.0 · as of 2026-09-18 · only the final active pivot is provisional; confirmed pivots are retained.
How the count is built

Rules and data notes

  • Swing points use weekly closes and a 6.3% adaptive reversal threshold.
  • The final swing is provisional until the reversal threshold is met.
  • Candidate counts must pass the Wave 2 origin, Wave 3 progression/length and Wave 4 overlap rules when those waves are present.
  • Fibonacci proportions and alternation rank valid candidates but never rescue a hard-rule failure.
  • Primary and alternate evidence weights compare admissible counts; they are not probabilities.
  • Nominal Hurst periods adapt to observed weekly rhythm. Future windows include measured timing uncertainty and require FLD or price confirmation.
Audit trail

Recent swing points

Dates and prices for the recent swings. The final point can still move.

DateStatusTypePriceMoveDuration
2025-04-11 Confirmed Low 0.26 -48.0% 2 weeks
2025-05-16 Confirmed High 0.28 7.7% 5 weeks
2025-07-04 Confirmed Low 0.245 -12.5% 7 weeks
2025-08-01 Confirmed High 0.27 10.2% 4 weeks
2025-09-19 Confirmed Low 0.235 -13.0% 7 weeks
2025-11-14 Confirmed High 0.325 38.3% 8 weeks
2025-12-12 Confirmed Low 0.285 -12.3% 4 weeks
2026-01-16 Confirmed High 0.315 10.5% 5 weeks
2026-04-10 Confirmed Low 0.255 -19.0% 12 weeks
2026-04-24 Confirmed High 0.28 9.8% 2 weeks
2026-06-26 Confirmed Low 0.235 -16.1% 9 weeks
2026-09-18 Forming High 0.255 8.5% 12 weeks

Chart guide

Evidence context