KLS · Technology · Weekly analysis

0156 Elliott Wave report

ManagePay Systems Berhad

Latest close MYR 0.055 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.

95/100 Setup score 100/100 Data quality Watching 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 countHurst crest risk

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

7 of 7 available readings support the downward wave interpretation; 0 lean against it. Agreement adds context, but does not guarantee the next move.

Main uncertaintyModerate count stability

The leading count changed 2 times across the last 9 checks. Keep the alternative interpretations in view.

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
2023-09-290.110.12130.1623
2023-10-060.110.12120.162
2023-10-130.110.1210.1618
2023-10-200.110.12050.1615
2023-10-270.1050.12020.1613
2023-11-030.110.120.161
2023-11-100.1150.11970.1608
2023-11-170.1150.11950.1605
2023-11-240.120.11950.1603
2023-12-010.130.120.1602
2023-12-080.130.12070.1601
2023-12-150.130.12130.16
2023-12-220.1250.12150.1598
2023-12-290.120.12170.1596
2024-01-050.120.12180.1595
2024-01-120.1350.12230.1595
2024-01-190.1350.12280.1594
2024-01-260.1250.12270.1593
2024-02-020.1250.12250.1592
2024-02-090.1250.12230.1591
2024-02-160.130.1220.1584
2024-02-230.130.12180.1578
2024-03-010.130.12170.1573
2024-03-080.1250.12170.1567
2024-03-150.1150.12120.1561
2024-03-220.1150.1210.1555
2024-03-290.1150.12070.155
2024-04-050.1150.12050.1544
2024-04-120.1150.12050.1539
2024-04-190.110.12020.1533
2024-04-260.110.12020.1527
2024-05-030.1150.12030.1522
2024-05-100.120.12070.1518
2024-05-170.120.1210.1514
2024-05-240.1150.12130.1506
2024-05-310.1150.12150.1499
2024-06-070.120.12170.1492
2024-06-140.1350.12230.1485
2024-06-210.130.12270.1478
2024-06-280.1250.12250.147
2024-07-050.130.12250.1462
2024-07-120.1550.12330.1457
2024-07-190.140.12380.145
2024-07-260.1350.12430.1444
2024-08-020.1250.12450.1436
2024-08-090.1250.12420.1428
2024-08-160.120.12370.142
2024-08-230.1150.12330.141
2024-08-300.1150.1230.1401
2024-09-060.1150.12270.1392
2024-09-130.1150.12220.1383
2024-09-200.1150.12170.1374
2024-09-270.1150.12120.1366
2024-10-040.1150.12080.136
2024-10-110.110.12070.1352
2024-10-180.110.12050.1345
2024-10-250.1050.12020.1337
2024-11-010.110.120.1329
2024-11-080.1150.120.1322
2024-11-150.110.120.1314
2024-11-220.110.120.1308
2024-11-290.110.11980.1303
2024-12-060.1150.11970.1298
2024-12-130.1050.11920.1293
2024-12-200.1050.11880.1287
2024-12-270.100.11830.128
2025-01-030.100.11770.1272
2025-01-100.100.11650.1265
2025-01-170.100.11550.1258
2025-01-240.0950.11450.1251
2025-01-310.0950.11330.1244
2025-02-070.0950.11130.1236
2025-02-140.0950.10980.1227
2025-02-210.0850.10820.1218
2025-02-280.080.10670.1211
2025-03-070.0750.1050.1203
2025-03-140.080.10370.1196
2025-03-210.0850.10270.1187
2025-03-280.080.10150.118
2025-04-040.0850.10050.1172
2025-04-110.070.0990.1165
2025-04-180.0750.09770.1157
2025-04-250.080.09650.1151
2025-05-020.080.09530.1146
2025-05-090.080.09430.1142
2025-05-160.0850.09350.1138
2025-05-230.0750.09250.1134
2025-05-300.080.09150.113
2025-06-060.0750.09020.1126
2025-06-130.0750.0890.1124
2025-06-200.080.0880.1122
2025-06-270.0850.08720.1121
2025-07-040.0850.08620.1119
2025-07-110.080.08530.1118
2025-07-180.0750.08430.1115
2025-07-250.0850.08380.1113
2025-08-010.0850.08330.1112
2025-08-080.090.0830.1111
2025-08-150.080.08230.1109
2025-08-220.080.08180.1108
2025-08-290.080.08130.1107
2025-09-050.070.08050.1105
2025-09-120.070.07970.1103
2025-09-190.070.07920.1101
2025-09-260.0750.0790.11
2025-10-030.0750.0790.1098
2025-10-100.080.0790.1097
2025-10-170.080.07880.1096
2025-10-240.080.07880.1096
2025-10-310.0850.07880.1095
2025-11-070.0750.0790.1093
2025-11-140.0750.0790.1091
2025-11-210.0650.07850.1089
2025-11-280.070.07820.1087
2025-12-050.0650.07770.1084
2025-12-120.0650.0770.1081
2025-12-190.070.07680.1078
2025-12-260.0650.07630.1075
2026-01-020.0750.07630.1071
2026-01-090.070.07620.1068
2026-01-160.0650.07570.1063
2026-01-230.070.07520.1058
2026-01-300.0650.07450.1053
2026-02-060.0650.0740.1047
2026-02-130.0650.07370.1043
2026-02-200.070.07320.1039
2026-02-270.0650.07250.1036
2026-03-060.0650.07170.1032
2026-03-130.0650.07120.1029
2026-03-200.060.07050.1025
2026-03-270.0650.070.1022
2026-04-030.0550.06950.1018
2026-04-100.060.06920.1014
2026-04-170.060.06880.101
2026-04-240.070.06870.1007
2026-05-010.0650.06830.1004
2026-05-080.0650.06780.1001
2026-05-150.0650.06730.0998
2026-05-220.0650.06680.0994
2026-05-290.0650.06620.0991
2026-06-050.0650.06580.0988
2026-06-120.0650.06550.0984
2026-06-190.0650.06550.0981
2026-06-260.060.06520.0976
2026-07-030.060.0650.0972
2026-07-100.060.06480.0967
2026-07-170.0550.06430.0962
2026-07-240.0550.0640.0957
2026-07-310.0550.06330.0952
2026-08-070.0550.06280.0947
2026-08-140.0550.06250.0942
2026-08-210.0550.0620.0938
2026-08-280.0550.06170.0934
2026-09-040.050.06120.0929
2026-09-110.050.06070.0925
2026-09-180.0550.06020.0921
4-week return 0.0%
13-week return -15.4%
26-week return -8.3%
52-week return -21.4%
From 52-week high -42.1%
26-week volatility 45.4%
02 · Wave count

How the wave count fits

The chart uses a 14.9% 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 · Leading34%
A/B/C reset may be completingTactical swing size66%
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

34% 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 0.055 Fails above 0.07 Count stability Moderate · 68/100
Wave rules and proportions
PassWave 2 protects the Wave 1 originOrigin 0.07; Wave 2 0.055.
GuidelineWave 2 retracement is proportionateRetraced 0% of Wave 1.
Strategic degreeNo valid count

Strategic degree uses a 23.8% weekly closing-price reversal threshold.

Primary degreePossible bearish Wave 2 crest

Primary degree uses a 14.9% weekly closing-price reversal threshold.

Tactical degreeA/B/C reset may be completing

Tactical degree uses a 10.4% weekly closing-price reversal threshold.

Active swing 0.0%

9 weeks · Forming

Nearest confirmed support -

No lower pivot in the current window

Nearest confirmed resistance 0.07

Pivot from 2026-04-24

30-week trend 0.0602

Price is -8.6% from trend

Fair Value reference 0.0921

Price is -40.3% from Fair Value

52-week range position 11%

0.05 low · 0.095 high

03 · Supporting evidence

Where the evidence agrees or disagrees

7 of 7 available readings support the downward wave interpretation; 0 lean against it. Agreement adds context, but does not guarantee the next move.

100% directional agreement

The other readings support this direction. 7 readings support the selected direction; 0 lean against it.

Trend

Price remains below its 30-week trend.

8.6% below trend
Cycle pressure

The medium-term pressure curve is not rising.

Falling
Cycle alignment

Several cycle lengths are weakening together.

Falling Stack
Relative strength

Underperforming its benchmark

-14.4
Market activity

Participation is weak

-26.9
Market dynamics

Price and volume behaviour is weak

-0.7
30-week momentum

Medium-term momentum is negative

-21.4
Balance of readings Defensive

0 constructive, 7 weak and 0 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 weak. This supports 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 weak. This supports 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 32/100. Low scores mean the past rhythm is irregular, so the projected weeks deserve less weight.

Pressure phaseFalling

Current medium-term pressure direction

Cycle agreementFalling Stack

25/100 constructive · 75/100 risk

Estimated next low11 weeks

Timing estimate, not a dated forecast

Estimated next high12 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 / 10w
Current phaseTroughing
Repeat score0/100
Price-cross check (FLD)Crossed Down
Since last trough1w
Possible next low5–13w
Typical / observed cycle20w / 25w
Current phaseFalling
Repeat score24/100
Price-cross check (FLD)Crossed Down
Since last trough1w
Possible next low16–32w
Typical / observed cycle40w / 49w
Current phaseFalling
Repeat score32/100
Price-cross check (FLD)Crossed Down
Since last trough38w
Possible next low4–18w
Typical / observed cycle80w / 100w
Current phaseFalling
Repeat score0/100
Price-cross check (FLD)Crossed Down
Since last trough37w
Possible next low44–82w
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 79.2% below the highest weekly close in the stored history. It is 42.1% 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 75/100.

  • Count instability

    The primary interpretation has moderate recent stability.

Downside risk check

Contained

25/100
Wave maturity0/25
Trend extension0/20
Range position0/15
Cycle rollover11/15
Multi-cycle risk11/15
Count instability3/10
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 low0.05
52-week high0.095
Annualised volatility45.4%

Based on the latest 26 weekly returns

Average weekly range9.9%

Average high-to-low range over 13 weeks

Current drawdown-79.2%

From the highest close in the stored record

Latest volume131%

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.

32% 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 weeks48648%0.0%0.3%-11.8% to 14.8%
13 weeks19354%1.4%1.1%-19.8% to 29.6%
26 weeks10952%3.8%4.0%-33.3% to 57.8%
07 · History

What happened after similar readings

After similar readings, the middle 4-week return was +0.0% across 101 completed outcomes. The range below shows how far individual outcomes differed. Overlapping weeks are not independent tests of this wave count.

102 similar weekly states

Typical return after a match

Median outcome after each matching historical week.

4w
0.0%
13w
0.0%
26w
-7.1%
HorizonMatchesPositiveMedianRange
4 weeks 101 31% 0.0% -21.1% to 18.2%
13 weeks 93 37% 0.0% -34.8% to 34.8%
26 weeks 87 24% -7.1% -36.4% to 31.8%

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 14.9% 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
2025-04-04 Confirmed High 0.085 - 0 weeks
2025-04-11 Confirmed Low 0.07 -17.6% 1 weeks
2025-08-08 Confirmed High 0.09 28.6% 17 weeks
2025-09-19 Confirmed Low 0.07 -22.2% 6 weeks
2025-10-31 Confirmed High 0.085 21.4% 6 weeks
2025-12-26 Confirmed Low 0.065 -23.5% 8 weeks
2026-01-02 Confirmed High 0.075 15.4% 1 weeks
2026-04-03 Confirmed Low 0.055 -26.7% 13 weeks
2026-04-24 Confirmed High 0.07 27.3% 3 weeks
2026-07-17 Confirmed Low 0.055 -21.4% 12 weeks
2026-09-18 Forming High 0.055 0.0% 9 weeks

Chart guide

Evidence context