Based on chart Friday's closing shows a bullish engulfing pattern formed. This may signal the end of the correction for the closing on 7-1-2015 which was a bearish engulfing pattern. Short term support at 0.28.
Of course above is subject to index of KLCI which dictates movement of this put warrant.
Yeah, index today only up 2 points but fbmklci-cl already up 11%. Sometimes I think the warrants cheat ppl. ImCK, I more concern about KLCI movement rather than which put warrant is better.
The market will turn red sooner or later. There is no need to be worried. With the oil price now dropping to usd45 now, those palm oil stocks will follow suit. klci is mostly supported by CIMB and RHB now due to news of not merging..
i think is opposite, CIMB hold extra volume in order to make money. sell down now is just spoil the market they have no much benefit. they will try attract more investor by pushing price high abit or maintain. as a supporting role like other Macquarie Capital Securities (Malaysia) Sdn Bhd warrant do. u try research it u will know.
this is why the news out on 13/1/15 but price still stable cause ppl holding it will feel wanna keep it. market is falling as well. so no double it for the purpose to generated rising price n up n down,
further issue is unlikely to have a drop in price. Call/put warrant based on klci is different from those warrant where the value derived from its mothershare. A right/bonus/split issue on mothershare will cause a drop its share price due to the reduced in EPS. There is no EPS on KLCI.. The structure is different here. Correct me if I'm wrong..
i been contact to CIMB who in charge of this warrant, he say is hold by them and they will sell it out to u base on market movement n market value. they r desperated to throw...think something is wrg now..dont buy,
over price already, i got sapu few k but dispose earlier liew loss little only..biar la...since last time profit 70% jor haha now muntah few % ignore la
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damagpie
281 posts
Posted by damagpie > 2015-01-10 12:20 | Report Abuse
Based on chart Friday's closing shows a bullish engulfing pattern formed. This may signal the end of the correction for the closing on 7-1-2015 which was a bearish engulfing pattern. Short term support at 0.28.
Of course above is subject to index of KLCI which dictates movement of this put warrant.