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The rise from 2,822 ringgit has only extended a wave (2) rebound by developing a wave "c", which is believed to have peaked at 2,903 ringgit. The contract could have started a downward wave (3), capable of traveling below the trough of the wave (1) at 2,817 ringgit. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.