KLS · Consumer Cyclical · Weekly analysis

7089 Elliott Wave report

Lii Hen Industries Bhd

Latest close MYR 0.25 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 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 bearish Wave 3 declining

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 uncertaintyLow count stability

The leading count changed 5 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
2023-09-290.78390.75760.8222
2023-10-060.79310.75910.8218
2023-10-130.82980.76250.8212
2023-10-200.85270.76690.8204
2023-10-270.88940.77190.8194
2023-11-030.88020.77690.8181
2023-11-100.86640.78120.8162
2023-11-170.86640.78550.8139
2023-11-240.86640.78960.8123
2023-12-010.84350.79280.8107
2023-12-080.85730.79630.8093
2023-12-150.8710.80030.8082
2023-12-220.8710.80460.8069
2023-12-290.88030.80890.8058
2024-01-050.88030.8130.805
2024-01-120.87570.81710.804
2024-01-190.8570.82030.8029
2024-01-260.88030.82420.802
2024-02-020.8850.8280.8006
2024-02-090.8850.83220.7995
2024-02-160.8850.83610.7988
2024-02-230.92230.8410.7986
2024-03-010.92690.84640.7985
2024-03-080.92690.8520.7982
2024-03-150.92220.85750.798
2024-03-220.93170.86310.7979
2024-03-290.92220.86750.7977
2024-04-050.98870.87420.7979
2024-04-121.010.88140.7984
2024-04-190.96970.88730.7988
2024-04-260.98870.89410.7993
2024-05-031.010.90130.7999
2024-05-100.99820.90690.8006
2024-05-170.99820.91170.8013
2024-05-240.98870.9150.8021
2024-05-310.95070.91740.8027
2024-06-070.97920.92110.8034
2024-06-140.94590.92380.8039
2024-06-210.93920.92620.8045
2024-06-280.91990.92880.805
2024-07-050.93920.93150.8058
2024-07-120.94880.93410.8067
2024-07-190.9440.93650.8076
2024-07-260.92960.93820.8085
2024-08-020.91510.93930.8093
2024-08-090.90070.94010.81
2024-08-160.8910.94130.8104
2024-08-230.8910.94160.8106
2024-08-300.8140.93930.8104
2024-09-060.79470.93630.8101
2024-09-130.74330.93150.8097
2024-09-200.78220.92690.8095
2024-09-270.77730.92190.8093
2024-10-040.76270.91640.8087
2024-10-110.75790.91090.8082
2024-10-180.75790.90510.8078
2024-10-250.75790.89970.8073
2024-11-010.75790.8920.807
2024-11-080.7530.88350.8066
2024-11-150.7530.87620.8063
2024-11-220.72390.86740.8059
2024-11-290.70440.85730.8056
2024-12-060.7190.8480.8053
2024-12-130.68980.83770.8048
2024-12-200.67530.82730.804
2024-12-270.6850.81840.8033
2025-01-030.67530.80830.8027
2025-01-100.67040.79910.8021
2025-01-170.67530.79030.8016
2025-01-240.67530.78220.8007
2025-01-310.67530.77340.7997
2025-02-070.67530.76420.7986
2025-02-140.67040.75510.7975
2025-02-210.62180.74490.7963
2025-02-280.5830.73380.7948
2025-03-070.55380.72220.7933
2025-03-140.53650.71040.7917
2025-03-210.53160.69840.7898
2025-03-280.5070.68820.7878
2025-04-040.49710.67830.7857
2025-04-110.44790.66840.7834
2025-04-180.46270.65780.7812
2025-04-250.47250.64760.7787
2025-05-020.47740.63810.7764
2025-05-090.46270.62830.7742
2025-05-160.48230.61910.772
2025-05-230.5020.61060.7698
2025-05-300.47740.60120.7674
2025-06-060.49220.59250.7652
2025-06-130.48730.58370.7632
2025-06-200.47740.57540.7613
2025-06-270.46270.56740.7592
2025-07-040.46270.55880.7577
2025-07-110.44790.55080.7563
2025-07-180.4380.54290.7543
2025-07-250.42820.53430.7523
2025-08-010.41840.52570.7502
2025-08-080.40850.5170.7481
2025-08-150.40360.5080.746
2025-08-220.37410.49790.7436
2025-08-290.37410.48790.7413
2025-09-050.37410.47780.7391
2025-09-120.36910.46780.7369
2025-09-190.37410.45950.7348
2025-09-260.37410.45260.7328
2025-10-030.38390.44690.7308
2025-10-100.38880.4420.7289
2025-10-170.38390.43710.727
2025-10-240.38390.4330.725
2025-10-310.38880.42940.723
2025-11-070.35930.42640.7209
2025-11-140.34950.42260.7186
2025-11-210.34950.41850.7163
2025-11-280.3150.41310.7136
2025-12-050.32980.40870.711
2025-12-120.32480.40340.7084
2025-12-190.31990.39740.7058
2025-12-260.31990.39210.7033
2026-01-020.32980.38670.7009
2026-01-090.37410.38290.6987
2026-01-160.34450.37850.6964
2026-01-230.33960.37440.6939
2026-01-300.3150.36950.6912
2026-02-060.31010.36490.6884
2026-02-130.30520.36040.6857
2026-02-200.30520.35630.6828
2026-02-270.30520.35260.6799
2026-03-060.32480.34980.6772
2026-03-130.330.34730.6747
2026-03-200.310.34520.672
2026-03-270.310.34310.6693
2026-04-030.3150.34110.6666
2026-04-100.310.33910.6639
2026-04-170.310.3370.6612
2026-04-240.3150.3350.6584
2026-05-010.320.33290.6557
2026-05-080.3150.33040.6529
2026-05-150.310.3280.65
2026-05-220.3050.32530.6472
2026-05-290.300.32240.6443
2026-06-050.2850.31990.6413
2026-06-120.2850.31770.6383
2026-06-190.280.31540.6352
2026-06-260.280.31430.6321
2026-07-030.280.31260.629
2026-07-100.290.31140.626
2026-07-170.3050.31090.623
2026-07-240.2750.30940.6198
2026-07-310.290.30810.6168
2026-08-070.2850.30520.6137
2026-08-140.280.3030.6107
2026-08-210.2750.30080.6075
2026-08-280.260.2990.6041
2026-09-040.2650.29750.6008
2026-09-110.260.2960.5974
2026-09-180.250.29420.5939
4-week return -9.1%
13-week return -10.7%
26-week return -19.4%
52-week return -33.2%
From 52-week high -38.8%
26-week volatility 22.8%
02 · Wave count

How the wave count fits

The chart uses a 5.4% 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 3 decliningPrimary swing size · Leading14%
A/B/C reset may be completingPrimary swing size8%
Five-wave decline matureStrategic swing size78%
Weights compare the displayed patterns; they are not probabilities. The same pattern can appear at different swing sizes.
Leading wave count

Possible bearish Wave 3 declining

14% 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 0.25 Fails above 0.29 Count stability Low · 20/100
Wave rules and proportions
PassWave 2 protects the Wave 1 originOrigin 0.305; Wave 2 0.29.
PassWave 3 exceeds Wave 1Wave 1 0.275; Wave 3 0.25.
GuidelineWave 2 retracement is proportionateRetraced 50% of Wave 1.
GuidelineWave 3 extension is plausibleWave 3 is 1.33× Wave 1.
Strategic degreeFive-wave decline mature

Strategic degree uses a 8.6% weekly closing-price reversal threshold.

Primary degreePossible bearish Wave 3 declining

Primary degree uses a 5.4% weekly closing-price reversal threshold.

Tactical degreePossible bearish Wave 3 declining

Tactical degree uses a 3.8% weekly closing-price reversal threshold.

Active swing -13.8%

7 weeks · Forming

Nearest confirmed support -

No lower pivot in the current window

Nearest confirmed resistance 0.29

Pivot from 2026-07-31

30-week trend 0.2942

Price is -15.0% from trend

Fair Value reference 0.5939

Price is -57.9% from Fair Value

52-week range position 3%

0.245 low · 0.4085 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.

15.0% 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

-20.0
Market activity

Participation is weak

-43.5
Market dynamics

Price and volume behaviour is weak

-0.2
30-week momentum

Medium-term momentum is negative

-18.1
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 55/100. 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 low2 weeks

Timing estimate, not a dated forecast

Estimated next high6 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 score24/100
Price-cross check (FLD)Crossed Down
Since last trough8w
Possible next low0–9w
Typical / observed cycle20w / 15w
Current phaseFalling
Repeat score55/100
Price-cross check (FLD)Crossed Down
Since last trough13w
Possible next low0–6w
Typical / observed cycle40w / 30w
Current phaseFalling
Repeat score52/100
Price-cross check (FLD)Crossed Down
Since last trough11w
Possible next low12–26w
Typical / observed cycle80w / 60w
Current phaseFalling
Repeat score0/100
Price-cross check (FLD)Crossed Down
Since last trough68w
Possible next low41–63w
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 75.2% below the highest weekly close in the stored history. It is 38.8% 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 low recent stability.

Downside risk check

Watch

34/100
Wave maturity0/25
Trend extension0/20
Range position0/15
Cycle rollover11/15
Multi-cycle risk15/15
Count instability8/10
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 low0.245
52-week high0.4085
Annualised volatility22.8%

Based on the latest 26 weekly returns

Average weekly range3.0%

Average high-to-low range over 13 weeks

Current drawdown-75.2%

From the highest close in the stored record

Latest volume121%

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.

29% constructive

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

38% 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 weeks48446%-0.2%-0.5%-8.1% to 7.7%
13 weeks18048%-0.1%-1.5%-14.0% to 11.9%
26 weeks10451%0.4%-1.6%-19.0% to 27.7%
07 · History

What happened after similar readings

After similar readings, the middle 4-week return was -1.7% across 102 completed outcomes. The range below shows how far individual outcomes differed. Overlapping weeks are not independent tests of this wave count.

103 similar weekly states

Typical return after a match

Median outcome after each matching historical week.

4w
-1.7%
13w
-10.9%
26w
-21.5%
HorizonMatchesPositiveMedianRange
4 weeks 102 35% -1.7% -20.0% to 15.2%
13 weeks 93 20% -10.9% -33.2% to 6.5%
26 weeks 90 21% -21.5% -40.9% to 9.0%

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 5.4% 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
2024-05-03 Confirmed High 1.01 48.1% 80 weeks
2025-04-11 Confirmed Low 0.4479 -55.6% 49 weeks
2025-05-23 Confirmed High 0.502 12.1% 6 weeks
2025-11-28 Confirmed Low 0.315 -37.3% 27 weeks
2026-01-09 Confirmed High 0.3741 18.8% 6 weeks
2026-02-27 Confirmed Low 0.3052 -18.4% 7 weeks
2026-03-13 Confirmed High 0.33 8.1% 2 weeks
2026-07-03 Confirmed Low 0.28 -15.2% 16 weeks
2026-07-17 Confirmed High 0.305 8.9% 2 weeks
2026-07-24 Confirmed Low 0.275 -9.8% 1 weeks
2026-07-31 Confirmed High 0.29 5.5% 1 weeks
2026-09-18 Forming Low 0.25 -13.8% 7 weeks

Chart guide

Evidence context