KLS · Basic Materials · Weekly analysis

5048 Elliott Wave report

YB Ventures Berhad

Latest close MYR 0.06 Week ending 18 Sep 2026 History 276 weeks
Current reading

The wave count points to an advance

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

45/100 Setup score 100/100 Data quality Setup in timing window 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 Wave 2 trough

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

Other readingsThe other readings point the other way

7 of 7 available readings lean against the upward wave interpretation; 0 support it. The pattern and current market behaviour do not yet agree.

Main uncertaintyModerate count stability

The leading count changed 3 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
2023-09-290.2950.31050.4438
2023-10-060.2550.30680.442
2023-10-130.2750.30480.4402
2023-10-200.2550.30180.4384
2023-10-270.2550.29920.4367
2023-11-030.260.29680.435
2023-11-100.270.29480.4334
2023-11-170.280.29280.4318
2023-11-240.2650.29070.43
2023-12-010.270.28830.4283
2023-12-080.2650.28630.4266
2023-12-150.260.28430.4248
2023-12-220.2550.28230.423
2023-12-290.2550.2810.4206
2024-01-050.270.280.419
2024-01-120.2550.2790.4172
2024-01-190.250.27780.4151
2024-01-260.2550.2770.4132
2024-02-020.250.2760.4112
2024-02-090.250.27370.4082
2024-02-160.2450.27150.4051
2024-02-230.2550.26950.4028
2024-03-010.2450.26820.4006
2024-03-080.250.26670.3981
2024-03-150.2450.26480.3952
2024-03-220.2450.26330.3926
2024-03-290.230.26130.3901
2024-04-050.2450.25950.3879
2024-04-120.240.25770.3856
2024-04-190.240.25620.3832
2024-04-260.220.25370.3806
2024-05-030.2450.25330.3782
2024-05-100.2250.25170.3759
2024-05-170.220.25050.3736
2024-05-240.230.24970.3715
2024-05-310.220.24830.3695
2024-06-070.2250.24680.3673
2024-06-140.220.24480.365
2024-06-210.2150.24320.3628
2024-06-280.220.24150.3608
2024-07-050.210.23970.3587
2024-07-120.210.2380.3567
2024-07-190.2050.23630.3543
2024-07-260.1950.23430.352
2024-08-020.200.2320.3495
2024-08-090.1950.230.3478
2024-08-160.190.2280.346
2024-08-230.1850.22570.3439
2024-08-300.1650.22280.3417
2024-09-060.1750.22030.3396
2024-09-130.1650.21770.3375
2024-09-200.170.21480.3356
2024-09-270.1650.21220.3338
2024-10-040.150.20880.3318
2024-10-110.150.20570.3298
2024-10-180.160.20280.3279
2024-10-250.150.20020.326
2024-11-010.150.1970.324
2024-11-080.140.19370.3221
2024-11-150.140.19030.3201
2024-11-220.1550.18820.3183
2024-11-290.150.1850.3165
2024-12-060.140.18220.315
2024-12-130.1350.17930.313
2024-12-200.140.17630.3113
2024-12-270.150.1740.3094
2025-01-030.1350.1710.3073
2025-01-100.130.1680.3053
2025-01-170.1250.1650.3031
2025-01-240.130.1620.3009
2025-01-310.120.1590.2988
2025-02-070.1250.15620.2966
2025-02-140.1250.15350.2944
2025-02-210.1250.15120.2924
2025-02-280.120.14850.2904
2025-03-070.120.1460.2886
2025-03-140.120.14370.2866
2025-03-210.110.14120.2845
2025-03-280.110.13930.2823
2025-04-040.1050.1370.28
2025-04-110.100.13480.2779
2025-04-180.100.13250.2757
2025-04-250.090.130.2735
2025-05-020.1050.12850.2714
2025-05-090.120.12750.2694
2025-05-160.110.12580.2673
2025-05-230.100.12420.2652
2025-05-300.100.12250.2631
2025-06-060.0950.1210.261
2025-06-130.100.11970.259
2025-06-200.100.11780.257
2025-06-270.100.11620.2551
2025-07-040.110.11520.2533
2025-07-110.110.11430.2515
2025-07-180.1050.11320.2498
2025-07-250.1050.11170.248
2025-08-010.100.11050.2462
2025-08-080.1050.10970.2444
2025-08-150.0950.10870.2425
2025-08-220.110.1080.2404
2025-08-290.100.10730.2384
2025-09-050.100.10650.2362
2025-09-120.1050.10580.234
2025-09-190.0950.10480.2322
2025-09-260.0950.1040.2305
2025-10-030.0950.10320.2289
2025-10-100.100.10250.2274
2025-10-170.100.10220.2258
2025-10-240.0950.10170.2241
2025-10-310.0950.10130.222
2025-11-070.090.1010.2199
2025-11-140.090.10070.218
2025-11-210.090.10070.2158
2025-11-280.090.10020.2138
2025-12-050.090.09920.2119
2025-12-120.0850.09830.21
2025-12-190.090.0980.208
2025-12-260.100.0980.2062
2026-01-020.100.09820.2044
2026-01-090.100.09820.2026
2026-01-160.090.09780.2007
2026-01-230.0850.09730.1988
2026-01-300.090.09670.1968
2026-02-060.080.09570.1949
2026-02-130.0750.09470.1929
2026-02-200.0750.09370.191
2026-02-270.070.09270.1892
2026-03-060.0750.09170.1873
2026-03-130.080.09120.1857
2026-03-200.080.09020.184
2026-03-270.0750.08930.1823
2026-04-030.0650.08820.1806
2026-04-100.060.08670.1789
2026-04-170.060.08550.1771
2026-04-240.060.08430.1754
2026-05-010.060.08320.1736
2026-05-080.0550.08170.1719
2026-05-150.0550.08020.1702
2026-05-220.0650.07920.1686
2026-05-290.060.0780.1671
2026-06-050.0650.07720.1655
2026-06-120.0750.07670.1642
2026-06-190.100.0770.163
2026-06-260.100.07730.1619
2026-07-030.0850.07720.1606
2026-07-100.100.07770.1592
2026-07-170.080.07730.1577
2026-07-240.080.07670.1562
2026-07-310.080.0760.1549
2026-08-070.080.07530.1535
2026-08-140.0750.07480.1521
2026-08-210.060.0740.1506
2026-08-280.0650.07320.1492
2026-09-040.060.07250.1476
2026-09-110.0550.07180.1461
2026-09-180.060.07130.1446
4-week return 0.0%
13-week return -40.0%
26-week return -25.0%
52-week return -36.8%
From 52-week high -45.5%
26-week volatility 87.2%
02 · Wave count

How the wave count fits

The chart uses a 16.0% closing-price reversal threshold. Filled markers are confirmed pivots; the outlined final marker is still forming.

Scenario comparison

Compare the possible patterns

Possible Wave 2 troughPrimary swing size · Leading100%
Weights compare the displayed patterns; they are not probabilities. The same pattern can appear at different swing sizes.
Leading wave count

Possible Wave 2 trough

100% 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 above 0.10 Fails below 0.055 Count stability Moderate · 52/100
Wave rules and proportions
PassWave 2 protects the Wave 1 originOrigin 0.055; Wave 2 0.06.
GuidelineWave 2 retracement is proportionateRetraced 89% of Wave 1.
Strategic degreeNo valid count

Strategic degree uses a 24.0% weekly closing-price reversal threshold.

Primary degreePossible Wave 2 trough

Primary degree uses a 16.0% weekly closing-price reversal threshold.

Tactical degreeNo valid count

Tactical degree uses a 11.2% weekly closing-price reversal threshold.

Active swing -40.0%

10 weeks · Forming

Nearest confirmed support 0.055

Pivot from 2026-05-15

Nearest confirmed resistance 0.10

Pivot from 2026-07-10

30-week trend 0.0713

Price is -15.9% from trend

Fair Value reference 0.1446

Price is -58.5% from Fair Value

52-week range position 17%

0.05 low · 0.11 high

03 · Supporting evidence

Where the evidence agrees or disagrees

7 of 7 available readings lean against the upward wave interpretation; 0 support it. The pattern and current market behaviour do not yet agree.

100% directional agreement

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

Trend

Price remains below its 30-week trend.

15.9% 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

-23.9
Market activity

Participation is weak

-36.2
Market dynamics

Price and volume behaviour is weak

-0.5
30-week momentum

Medium-term momentum is negative

-20.0
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 challenges the upward wave view.

Relative strength

Performance against the market benchmark.

Underperforming its benchmark. This challenges the upward wave view.

30-week momentum

The pace of the medium-term price move.

Medium-term momentum is negative. This challenges the upward wave view.

Market dynamics

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

Price and volume behaviour is weak. This challenges the upward 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 12/100. 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

0/100 constructive · 100/100 risk

Estimated next low6 weeks

Timing estimate, not a dated forecast

Estimated next high14 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 / 12w
Current phaseFalling
Repeat score0/100
Price-cross check (FLD)Crossed Down
Since last trough22w
Possible next low0–4w
Typical / observed cycle20w / 24w
Current phaseFalling
Repeat score12/100
Price-cross check (FLD)Crossed Down
Since last trough18w
Possible next low0–12w
Typical / observed cycle40w / 50w
Current phaseFalling
Repeat score0/100
Price-cross check (FLD)Crossed Down
Since last trough17w
Possible next low23–43w
Typical / observed cycle80w / 60w
Current phaseFalling
Repeat score0/100
Price-cross check (FLD)Crossed Down
Since last trough16w
Possible next low17–71w
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 89.8% below the highest weekly close in the stored history. It is 45.5% below the 52-week high. The two figures use different reference points.

Largest contributors to the risk score

  • Multi-cycle risk

    Hurst risk alignment is 100/100.

  • Cycle rollover

    Medium-term cycle pressure is falling.

  • Count instability

    The primary interpretation has moderate recent stability.

Downside risk check

Watch

31/100
Wave maturity0/25
Trend extension0/20
Range position0/15
Cycle rollover11/15
Multi-cycle risk15/15
Count instability5/10
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 high0.11
Annualised volatility87.2%

Based on the latest 26 weekly returns

Average weekly range8.5%

Average high-to-low range over 13 weeks

Current drawdown-89.8%

From the highest close in the stored record

Latest volume26%

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

12 of 24 analysed peers have a leading upward wave pattern.

46% 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 weeks60944%0.0%-0.9%-10.2% to 9.5%
13 weeks22344%-1.9%-3.1%-18.2% to 19.0%
26 weeks13043%-1.3%-3.9%-28.8% to 26.4%
07 · History

What happened after similar readings

After similar readings, the middle 4-week return was -2.0% across 149 completed outcomes. The range below shows how far individual outcomes differed. Overlapping weeks are not independent tests of this wave count.

150 similar weekly states

Typical return after a match

Median outcome after each matching historical week.

4w
-2.0%
13w
-10.0%
26w
-21.1%
HorizonMatchesPositiveMedianRange
4 weeks 149 28% -2.0% -25.0% to 66.7%
13 weeks 149 19% -10.0% -33.3% to 66.7%
26 weeks 137 2% -21.1% -40.0% to 11.1%

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 16.0% 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
2022-01-28 Confirmed High 0.47 23.7% 7 weeks
2022-07-22 Confirmed Low 0.38 -19.1% 25 weeks
2022-09-16 Confirmed High 0.45 18.4% 8 weeks
2022-10-14 Confirmed Low 0.335 -25.6% 4 weeks
2022-11-25 Confirmed High 0.43 28.4% 6 weeks
2025-04-25 Confirmed Low 0.09 -79.1% 126 weeks
2025-05-09 Confirmed High 0.12 33.3% 2 weeks
2025-12-12 Confirmed Low 0.085 -29.2% 31 weeks
2026-01-09 Confirmed High 0.10 17.6% 4 weeks
2026-05-15 Confirmed Low 0.055 -45.0% 18 weeks
2026-07-10 Confirmed High 0.10 81.8% 8 weeks
2026-09-18 Forming Low 0.06 -40.0% 10 weeks

Chart guide

Evidence context