KLS · Industrials · Weekly analysis

0068 Elliott Wave report

Asdion Berhad

Latest close MYR 0.005 Week ending 11 Sep 2026 History 276 weeks
Current reading

A pullback is being tested

The wave pattern treats the recent decline as a pullback within a larger advance. A fresh rise is still something to confirm.

51/100 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 countA/B/C reset may be completing

A, B and C label a three-part correction. The outlined last point is still forming.

Other readingsThe other readings point the other way

6 of 7 available readings lean against the upward wave interpretation; 1 support it. The pattern and current market behaviour do not yet agree.

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
2023-09-220.030.03230.1693
2023-09-290.030.03120.1682
2023-10-060.030.030.1672
2023-10-130.030.02950.166
2023-10-200.080.0310.1653
2023-10-270.090.03270.1648
2023-11-030.070.0340.1642
2023-11-100.070.03520.1635
2023-11-170.0650.03620.1628
2023-11-240.0650.03730.162
2023-12-010.060.03830.161
2023-12-080.080.040.16
2023-12-150.0850.0420.1593
2023-12-220.090.04420.1586
2023-12-290.1050.04680.1579
2024-01-050.1250.050.1576
2024-01-120.110.05270.157
2024-01-190.1050.05520.1558
2024-01-260.0950.05730.1538
2024-02-020.0850.0590.1518
2024-02-090.0850.06070.1496
2024-02-160.100.0630.1459
2024-02-230.0850.0650.1433
2024-03-010.0850.0670.1407
2024-03-080.080.06880.1373
2024-03-150.0750.07050.1339
2024-03-220.0750.07220.1305
2024-03-290.0850.07420.1277
2024-04-050.080.0760.1252
2024-04-120.080.07770.1228
2024-04-190.070.0790.1201
2024-04-260.070.08030.1177
2024-05-030.070.08170.1151
2024-05-100.0650.08280.1126
2024-05-170.060.08220.11
2024-05-240.0650.08130.1074
2024-05-310.0550.08080.1046
2024-06-070.060.08050.1019
2024-06-140.070.08070.0989
2024-06-210.0550.08030.0957
2024-06-280.060.08030.0928
2024-07-050.060.07970.0905
2024-07-120.060.07880.0892
2024-07-190.060.07780.0879
2024-07-260.0550.07620.087
2024-08-020.0350.07320.086
2024-08-090.0350.07070.0851
2024-08-160.0450.06870.0843
2024-08-230.040.06680.0832
2024-08-300.0350.06520.0822
2024-09-060.040.06370.081
2024-09-130.030.06130.0798
2024-09-200.0350.05970.0786
2024-09-270.0350.0580.0772
2024-10-040.030.05630.0758
2024-10-110.0250.05470.0745
2024-10-180.030.05320.0732
2024-10-250.030.05130.072
2024-11-010.0250.04950.0707
2024-11-080.0250.04770.0697
2024-11-150.0250.04620.0688
2024-11-220.030.04480.0681
2024-11-290.0250.04330.0673
2024-12-060.0350.04230.0667
2024-12-130.030.04130.0661
2024-12-200.030.04020.0655
2024-12-270.030.03930.065
2025-01-030.0350.03850.0645
2025-01-100.030.03720.064
2025-01-170.030.03630.0635
2025-01-240.0250.03520.063
2025-01-310.030.03420.0625
2025-02-070.0250.0330.0619
2025-02-140.0250.03180.0614
2025-02-210.0250.03080.061
2025-02-280.0250.03050.0607
2025-03-070.020.030.0603
2025-03-140.0250.02930.0599
2025-03-210.020.02870.0595
2025-03-280.0250.02830.0591
2025-04-040.020.02770.0586
2025-04-110.0250.02750.058
2025-04-180.0250.02720.0575
2025-04-250.0250.02680.057
2025-05-020.0250.02670.0565
2025-05-090.020.02650.056
2025-05-160.0250.02630.0555
2025-05-230.020.0260.0551
2025-05-300.020.02580.0546
2025-06-060.020.02570.0542
2025-06-130.0250.02570.0538
2025-06-200.030.02570.0535
2025-06-270.0250.02570.0531
2025-07-040.0250.02530.0528
2025-07-110.0250.02520.0525
2025-07-180.0250.0250.0522
2025-07-250.0250.02480.0518
2025-08-010.0250.02450.0513
2025-08-080.0250.02430.051
2025-08-150.0250.02420.0506
2025-08-220.020.0240.0502
2025-08-290.0250.02380.0498
2025-09-050.0250.02380.0495
2025-09-120.020.02370.0492
2025-09-190.020.02350.0488
2025-09-260.0250.02350.0486
2025-10-030.030.02380.0484
2025-10-100.0350.02420.0482
2025-10-170.0250.02430.0479
2025-10-240.020.02420.0476
2025-10-310.020.02420.0472
2025-11-070.020.0240.0468
2025-11-140.020.02380.0464
2025-11-210.020.02370.0461
2025-11-280.020.02350.0456
2025-12-050.020.02350.0451
2025-12-120.020.02330.0446
2025-12-190.0250.02350.044
2025-12-260.0150.02330.0435
2026-01-020.020.02330.043
2026-01-090.020.02320.0425
2026-01-160.0250.0230.0421
2026-01-230.0250.0230.0418
2026-01-300.020.02280.0415
2026-02-060.020.02270.0412
2026-02-130.020.02250.0408
2026-02-200.020.02230.0405
2026-02-270.020.02220.0402
2026-03-060.0250.02220.04
2026-03-130.020.0220.0398
2026-03-200.020.0220.0397
2026-03-270.0250.0220.0396
2026-04-030.0150.02170.0395
2026-04-100.020.02170.0394
2026-04-170.020.02170.0393
2026-04-240.0150.02130.0392
2026-05-010.0150.02080.0391
2026-05-080.0250.02050.0391
2026-05-150.020.02030.0391
2026-05-220.020.02030.039
2026-05-290.020.02030.039
2026-06-050.020.02030.0389
2026-06-120.020.02030.0389
2026-06-190.0150.02020.0388
2026-06-260.020.02020.0387
2026-07-030.020.02020.0386
2026-07-100.010.01980.0385
2026-07-170.0050.01920.0383
2026-07-240.0050.01880.0382
2026-07-310.0050.01830.038
2026-08-070.0050.01780.0379
2026-08-140.0050.01720.0378
2026-08-210.0050.01650.0377
2026-08-280.0050.0160.0375
2026-09-040.0050.01550.0374
2026-09-110.0050.0150.0372
4-week return 0.0%
13-week return -75.0%
26-week return -75.0%
52-week return -75.0%
From 52-week high -85.7%
26-week volatility 175.7%
02 · Wave count

How the wave count fits

The chart uses a 5.0% closing-price reversal threshold. Filled markers are confirmed pivots; the outlined final marker is still forming.

Scenario comparison

Compare the possible patterns

A/B/C reset may be completingPrimary swing size · Leading33%
Possible bearish Wave 3 decliningPrimary swing size33%
A/B/C reset may be completingStrategic swing size33%
Weights compare the displayed patterns; they are not probabilities. The same pattern can appear at different swing sizes.
Leading wave count

A/B/C reset may be completing

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 above 0.02 Fails below 0.005 Count stability High · 100/100
Wave rules and proportions
PassWave B protects the correction originOrigin 0.025; Wave B 0.02.
PassWave C progresses beyond Wave AA length 0.01; C length 0.01.
GuidelineWave C is proportionate to Wave AWave C is 1.50× Wave A.
Strategic degreeA/B/C reset may be completing

Strategic degree uses a 8.0% weekly closing-price reversal threshold.

Primary degreeA/B/C reset may be completing

Primary degree uses a 5.0% weekly closing-price reversal threshold.

Tactical degreeA/B/C reset may be completing

Tactical degree uses a 3.5% weekly closing-price reversal threshold.

Active swing -75.0%

10 weeks · Forming

Nearest confirmed support -

No lower pivot in the current window

Nearest confirmed resistance 0.02

Pivot from 2026-07-03

30-week trend 0.015

Price is -66.7% from trend

Fair Value reference 0.0372

Price is -86.6% from Fair Value

52-week range position 0%

0.005 low · 0.035 high

03 · Supporting evidence

Where the evidence agrees or disagrees

6 of 7 available readings lean against the upward wave interpretation; 1 support it. The pattern and current market behaviour do not yet agree.

86% directional agreement

The other readings point the other way. 1 readings support the selected direction; 6 lean against it.

Trend

Price remains below its 30-week trend.

66.7% below trend
Cycle pressure

The medium-term pressure curve is turning higher.

Troughing
Cycle alignment

Several cycle lengths are weakening together.

Falling Stack
Relative strength

Underperforming its benchmark

-72.3
Market activity

Participation is weak

-56.4
Market dynamics

Price and volume behaviour is weak

-1.3
30-week momentum

Medium-term momentum is negative

-75.0
Balance of readings Defensive

1 constructive, 6 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 near a low and starting to turn. Look for price to confirm an upswing.

Cycle repeat scores range from 0 to 50/100. Low scores mean the past rhythm is irregular, so the projected weeks deserve less weight.

Pressure phaseTroughing

Current medium-term pressure direction

Cycle agreementFalling Stack

25/100 constructive · 75/100 risk

Estimated next low3 weeks

Timing estimate, not a dated forecast

Estimated next high5 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 / 11w
Current phaseTroughing
Repeat score10/100
Price-cross check (FLD)Crossed Down
Since last trough1w
Possible next low8–12w
Typical / observed cycle20w / 15w
Current phaseFalling
Repeat score9/100
Price-cross check (FLD)Crossed Down
Since last trough12w
Possible next low0–9w
Typical / observed cycle40w / 50w
Current phaseFalling
Repeat score0/100
Price-cross check (FLD)Crossed Down
Since last trough11w
Possible next low21–57w
Typical / observed cycle80w / 93w
Current phaseFalling
Repeat score50/100
Price-cross check (FLD)Crossed Down
Since last trough64w
Possible next low17–41w
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 99.1% below the highest weekly close in the stored history. It is 85.7% 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 75/100.

Downside risk check

Contained

11/100
Wave maturity0/25
Trend extension0/20
Range position0/15
Cycle rollover0/15
Multi-cycle risk11/15
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 low0.005
52-week high0.035
Annualised volatility175.7%

Based on the latest 26 weekly returns

Average weekly range5.8%

Average high-to-low range over 13 weeks

Current drawdown-99.1%

From the highest close in the stored record

Latest volume238%

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 agrees with this report’s upward interpretation.

67% constructive

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

42% 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 weeks44952%0.4%-0.1%-10.7% to 11.1%
13 weeks17260%2.4%1.1%-18.5% to 27.1%
26 weeks10258%3.8%3.2%-21.9% to 44.5%
07 · History

What happened after similar readings

After similar readings, the middle 4-week return was +0.0% across 99 completed outcomes. The range below shows how far individual outcomes differed. Overlapping weeks are not independent tests of this wave count.

100 similar weekly states

Typical return after a match

Median outcome after each matching historical week.

4w
0.0%
13w
0.0%
26w
-16.7%
HorizonMatchesPositiveMedianRange
4 weeks 99 22% 0.0% -66.7% to 166.7%
13 weeks 92 21% 0.0% -75.0% to 260.0%
26 weeks 89 27% -16.7% -75.0% to 280.0%

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 2026-09-11 · 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 5.0% 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
2026-01-23 Confirmed High 0.025 66.7% 4 weeks
2026-02-27 Confirmed Low 0.02 -20.0% 5 weeks
2026-03-06 Confirmed High 0.025 25.0% 1 weeks
2026-03-20 Confirmed Low 0.02 -20.0% 2 weeks
2026-03-27 Confirmed High 0.025 25.0% 1 weeks
2026-04-03 Confirmed Low 0.015 -40.0% 1 weeks
2026-04-17 Confirmed High 0.02 33.3% 2 weeks
2026-05-01 Confirmed Low 0.015 -25.0% 2 weeks
2026-05-08 Confirmed High 0.025 66.7% 1 weeks
2026-06-19 Confirmed Low 0.015 -40.0% 6 weeks
2026-07-03 Confirmed High 0.02 33.3% 2 weeks
2026-09-11 Forming Low 0.005 -75.0% 10 weeks

Chart guide

Evidence context