There is not much selling pressure. For those who did not sell are rewarded with warrant b and the mother share is going to move beyond RM0.60 towards RM0.7+. Happy trading.
Warrant B is free and therefore there is no issue price. The question is how much does it worth? Based on the price adjustment by Bursa from RM0.63 to RM0.595 ( Ex date) = RM0.035 x 4 ( 1 for 4) = RM0.14 is the warrant price. Based on Warrant A, it should be the same as warrant B ( RM0.32). Based on current price of Censof at RM0.58 - RM0.46 ( exercise price) = RM0.12. So hope for the best when it opens in 2-3 weeks time. Happy trading.
Ex Date 30/9 means those who were holding Censof shares as 29/9/2014 at 5 pm entitled to have the warrant 1 for 4. Last date of lodgement is 5pm 2/10/2014 means to finalise the total of warrants to be issued. We have to wait for announcement to know when the warrant B will be traded. Happy trading.
Support for Censof should be RM0.57. Quite clear that sopport for Wa is RM0.315. Taking into consideration of Wb as = Wa, the share price of Censof did not drop. RM0.57 + ( 0.315/4 about RM0.08) = RM0.65. Congratulation to those who have faith in Censof. We are waiting for round 2. Happy trading.
Censof Holding Bhd... CST counter... Budget announcement... Get my portfolio clear before budget announcement is right choice if you are don't know what will happen,or no reference for me to make decision which stock to buy, many many rumors will out what to buy ??? after buy out of sudden announced something unexpected and many trader ran and sell... guess who collect yours stock :-)
Remember 5% of the population of the world is owned 95% wealth !!! 5% of the trader make 80 % of the trader... another 15% where it goes ? 10% is no loss and no profit ... left 5% is the person like me...
Weekly Trend Let take a look at the weekly trend, Censoft is in Diagonal 1 formation (Most Likely pattern), which is under wave 5 up trend, I guess not many ppls hear about this... nvm ... important is I spot it is under wave 5 development and it moving toward 75 sen and RM1.05 (Weekly trend) .
Note: Hidden Divergent was form to indicated wave 4 ended, Trend continue up comfirm
Day Trend Let Zoom down to daily trend, couple of key point I would like to emphasize is, 1. This stock been consolidated for almost 6 months, it like a giant sleeping dragon awake.. 2. It is GST counter and budget is announce on this coming Friday, GST will take place on next year. 3. The prices was rejected at RM 0.625, the 6 month consolidation can not break this resistance ??? it like kid trying to stop a adult to pass through through this road
The recent rally is form a double Zig Zag which is cal WXYXZ, the correction wave was in the wave 5, I am anticipate the smaller correction wave was ended at X, in term of candle formation I do see an double doji with small bullish candle, it an indication reversal is coming,
I am very detail person who are really study all the angle and time frame, you can zoom it down to smaller time frame which hourly chart, we can see an Zig Zag ended with the bullish divergent .
Summary of my Trade plan.
1.) I committed my money on 57 sen on Friday. 2.) SL : Refer to Kakao Technical analysis Free Education group 3.)TP : Refer to Kakao Technical analysis Free Education group
Wa is going strong at RM0.365. Hopefully will touch RM0.40 by the time Wb is traded. Mother is heading towards RM0.70. Second round is confirmed on track. Happy trading.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bracoli
2,579 posts
Posted by bracoli > 2014-09-30 21:42 | Report Abuse
Run la lousy counter