KLS · Real Estate · Weekly analysis

6041 Elliott Wave report

Farlim Group (Malaysia) Bhd.

Latest close MYR 0.155 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.

63/100 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 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

5 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 leading count changed 1 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
2023-09-290.2250.2190.2512
2023-10-060.2250.21920.2509
2023-10-130.230.21980.2509
2023-10-200.2250.220.2509
2023-10-270.2250.21980.2508
2023-11-030.2250.220.2508
2023-11-100.230.22050.2508
2023-11-170.2250.22080.2505
2023-11-240.2250.22170.2502
2023-12-010.2250.22180.2498
2023-12-080.2250.2220.2495
2023-12-150.2250.2220.2492
2023-12-220.2250.22220.2488
2023-12-290.220.22220.2483
2024-01-050.240.22280.248
2024-01-120.2350.22330.2477
2024-01-190.230.22370.2473
2024-01-260.230.2240.2468
2024-02-020.230.22430.2465
2024-02-090.2350.22480.2462
2024-02-160.2350.2250.2459
2024-02-230.230.22520.2456
2024-03-010.230.22530.2452
2024-03-080.2250.22580.2448
2024-03-150.230.22680.2442
2024-03-220.230.22770.2437
2024-03-290.2350.2280.2434
2024-04-050.240.22870.2429
2024-04-120.2650.230.2428
2024-04-190.2450.23070.2426
2024-04-260.2450.23130.2422
2024-05-030.240.23180.2421
2024-05-100.2350.2320.2417
2024-05-170.2350.23230.2415
2024-05-240.2450.2330.2414
2024-05-310.230.23320.2412
2024-06-070.240.23350.2412
2024-06-140.240.2340.2411
2024-06-210.2450.23470.2412
2024-06-280.240.23520.2413
2024-07-050.230.23530.2413
2024-07-120.2350.23570.2414
2024-07-190.230.23580.2413
2024-07-260.230.23620.2409
2024-08-020.2250.23570.2404
2024-08-090.220.23520.2398
2024-08-160.2150.23470.2392
2024-08-230.220.23430.2387
2024-08-300.210.23370.2381
2024-09-060.220.23320.2376
2024-09-130.2150.23250.2371
2024-09-200.2150.2320.2366
2024-09-270.210.23130.2362
2024-10-040.220.23120.2358
2024-10-110.2150.23070.2354
2024-10-180.210.230.2348
2024-10-250.2050.2290.2343
2024-11-010.210.2280.2338
2024-11-080.2050.2260.2332
2024-11-150.210.22480.2329
2024-11-220.210.22370.2325
2024-11-290.210.22270.2322
2024-12-060.200.22150.2319
2024-12-130.210.22070.2315
2024-12-200.210.21950.2311
2024-12-270.210.21880.2309
2025-01-030.210.21780.2305
2025-01-100.2150.2170.2303
2025-01-170.210.21580.2301
2025-01-240.2050.21470.2297
2025-01-310.2050.21380.2294
2025-02-070.2050.21280.229
2025-02-140.2050.2120.2286
2025-02-210.210.21130.2284
2025-02-280.210.21080.228
2025-03-070.210.21050.2277
2025-03-140.210.21030.2273
2025-03-210.210.210.2271
2025-03-280.210.210.2269
2025-04-040.210.20970.2266
2025-04-110.1950.2090.2263
2025-04-180.210.20880.2262
2025-04-250.2150.2090.226
2025-05-020.210.20870.2258
2025-05-090.210.20850.2257
2025-05-160.2150.20870.2255
2025-05-230.2150.2090.2254
2025-05-300.200.20870.2249
2025-06-060.2050.20870.2247
2025-06-130.1950.20820.2245
2025-06-200.200.20780.2243
2025-06-270.1950.20730.224
2025-07-040.200.20730.2238
2025-07-110.190.20670.2235
2025-07-180.1950.20620.2233
2025-07-250.190.20550.2229
2025-08-010.1850.20470.2225
2025-08-080.1850.20370.2221
2025-08-150.1850.20280.2218
2025-08-220.180.2020.2214
2025-08-290.1750.2010.221
2025-09-050.180.20020.2206
2025-09-120.1650.19880.2201
2025-09-190.1650.19730.2196
2025-09-260.160.19570.2191
2025-10-030.1650.19420.2186
2025-10-100.180.19320.2183
2025-10-170.170.19180.2178
2025-10-240.180.19080.2174
2025-10-310.170.18950.217
2025-11-070.1650.18850.2164
2025-11-140.170.18720.2161
2025-11-210.1750.18580.2156
2025-11-280.160.18420.2151
2025-12-050.160.18250.2146
2025-12-120.160.18070.2142
2025-12-190.1650.1790.2138
2025-12-260.1650.17780.2133
2026-01-020.1650.17650.2128
2026-01-090.1650.17550.2124
2026-01-160.160.17420.2119
2026-01-230.160.1730.2114
2026-01-300.1550.17150.2109
2026-02-060.1550.17030.2104
2026-02-130.1550.1690.2099
2026-02-200.1650.16820.2096
2026-02-270.1550.16720.2091
2026-03-060.160.16630.2088
2026-03-130.1550.16530.2084
2026-03-200.160.16470.208
2026-03-270.150.16380.2075
2026-04-030.160.16320.2071
2026-04-100.150.16270.2067
2026-04-170.1550.16230.2063
2026-04-240.1650.16250.2061
2026-05-010.1850.16320.2059
2026-05-080.1750.1630.2056
2026-05-150.1750.16320.2053
2026-05-220.170.16280.2049
2026-05-290.160.16250.2046
2026-06-050.1550.16220.2041
2026-06-120.150.16150.2037
2026-06-190.1650.16120.2033
2026-06-260.1650.16130.203
2026-07-030.1550.16120.2026
2026-07-100.160.16120.2022
2026-07-170.160.1610.2017
2026-07-240.1450.16030.2012
2026-07-310.150.15980.2007
2026-08-070.150.15930.2004
2026-08-140.150.1590.20
2026-08-210.150.15870.1997
2026-08-280.150.15850.1992
2026-09-040.150.15830.1988
2026-09-110.150.15820.1983
2026-09-180.1550.15780.1978
4-week return 3.3%
13-week return -6.1%
26-week return -3.1%
52-week return -6.1%
From 52-week high -34.0%
26-week volatility 36.7%
02 · Wave count

How the wave count fits

The chart uses a 8.1% 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 · Leading33%
Possible Wave 2 troughStrategic swing size33%
Possible bearish Wave 2 crestTactical swing size33%
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

33% 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 0.145 Fails above 0.165 Count stability High · 84/100
Wave rules and proportions
PassWave 2 protects the Wave 1 originOrigin 0.165; Wave 2 0.155.
GuidelineWave 2 retracement is proportionateRetraced 50% of Wave 1.
Strategic degreePossible Wave 2 trough

Strategic degree uses a 13.0% weekly closing-price reversal threshold.

Primary degreePossible bearish Wave 2 crest

Primary degree uses a 8.1% weekly closing-price reversal threshold.

Tactical degreePossible bearish Wave 2 crest

Tactical degree uses a 5.7% weekly closing-price reversal threshold.

Active swing 6.9%

8 weeks · Forming

Nearest confirmed support 0.145

Pivot from 2026-07-24

Nearest confirmed resistance 0.165

Pivot from 2026-06-26

30-week trend 0.1578

Price is -1.8% from trend

Fair Value reference 0.1978

Price is -21.6% from Fair Value

52-week range position 16%

0.14 low · 0.235 high

03 · Supporting evidence

Where the evidence agrees or disagrees

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

71% directional agreement

The other readings support this direction. 5 readings support the selected direction; 2 lean against it.

Trend

Price remains below its 30-week trend.

1.8% below trend
Cycle pressure

The medium-term pressure curve is turning higher.

Troughing
Cycle alignment

Several cycle lengths are improving together.

Rising Stack
Relative strength

Underperforming its benchmark

-2.4
Market activity

Participation is weak

-29.4
Market dynamics

Price and volume behaviour is weak

-0.2
30-week momentum

Medium-term momentum is negative

-6.1
Balance of readings Defensive

2 constructive, 5 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 near a low and starting to turn. Look for price to confirm an upswing.

Cycle repeat scores range from 0 to 15/100. Low scores mean the past rhythm is irregular, so the projected weeks deserve less weight.

Pressure phaseTroughing

Current medium-term pressure direction

Cycle agreementRising Stack

75/100 constructive · 25/100 risk

Estimated next low9 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 phaseRising
Repeat score15/100
Price-cross check (FLD)Crossed Up
Since last trough7w
Possible next low0–6w
Typical / observed cycle20w / 15w
Current phaseTroughing
Repeat score5/100
Price-cross check (FLD)Crossed Up
Since last trough6w
Possible next low6–12w
Typical / observed cycle40w / 49w
Current phaseFalling
Repeat score12/100
Price-cross check (FLD)Crossed Up
Since last trough1w
Possible next low39–57w
Typical / observed cycle80w / 60w
Current phaseTroughing
Repeat score0/100
Price-cross check (FLD)Crossed Down
Since last trough3w
Possible next low41–73w
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 50.0% below the highest weekly close in the stored history. It is 34.0% 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 25/100.

  • Count instability

    The primary interpretation has high recent stability.

Downside risk check

Contained

6/100
Wave maturity0/25
Trend extension0/20
Range position0/15
Cycle rollover0/15
Multi-cycle risk4/15
Count instability2/10
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 low0.14
52-week high0.235
Annualised volatility36.7%

Based on the latest 26 weekly returns

Average weekly range2.5%

Average high-to-low range over 13 weeks

Current drawdown-50.0%

From the highest close in the stored record

Latest volume24%

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

Most analysed peers have an upward wave count. That contrasts with this report’s downward interpretation.

62% constructive

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

12% 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 weeks35649%0.0%0.1%-6.7% to 8.5%
13 weeks14059%1.7%1.1%-11.3% to 18.0%
26 weeks8561%3.9%4.4%-16.2% to 29.2%
07 · History

What happened after similar readings

After similar readings, the middle 4-week return was +0.0% across 112 completed outcomes. The range below shows how far individual outcomes differed. Overlapping weeks are not independent tests of this wave count.

113 similar weekly states

Typical return after a match

Median outcome after each matching historical week.

4w
0.0%
13w
-2.1%
26w
-4.6%
HorizonMatchesPositiveMedianRange
4 weeks 112 28% 0.0% -10.8% to 16.7%
13 weeks 105 29% -2.1% -18.0% to 19.4%
26 weeks 100 24% -4.6% -20.0% to 12.5%

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 8.1% 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
2023-08-18 Confirmed Low 0.20 -13.0% 4 weeks
2024-04-12 Confirmed High 0.265 32.5% 34 weeks
2025-04-11 Confirmed Low 0.195 -26.4% 52 weeks
2025-05-23 Confirmed High 0.215 10.3% 6 weeks
2025-09-26 Confirmed Low 0.16 -25.6% 18 weeks
2025-10-24 Confirmed High 0.18 12.5% 4 weeks
2026-04-10 Confirmed Low 0.15 -16.7% 24 weeks
2026-05-01 Confirmed High 0.185 23.3% 3 weeks
2026-06-12 Confirmed Low 0.15 -18.9% 6 weeks
2026-06-26 Confirmed High 0.165 10.0% 2 weeks
2026-07-24 Confirmed Low 0.145 -12.1% 4 weeks
2026-09-18 Forming High 0.155 6.9% 8 weeks

Chart guide

Evidence context