I just caught the falling knife to average out. I have a feeling this cannot be falling forever. Dont be mistaken - do not borrow to play. You will then be at the mercy of time. If you are playing your own money, this is as good a bargain as any. I believe this is an oversold situation where TA can be discounted for the moment.
GENEVA: The World Health Organization said on Thursday (Jun 18) that a few hundred million COVID-19 vaccine doses could be produced by the end of the year - and be targeted at those most vulnerable to the virus.
Yes, and it crosses the 20MA mark. In all likelihood, it will be an engulfing bullish candle over yesterday and Monday will be exciting if it ends today over 0.46
Better CL as the TA shows confirmed BEARISH... It is a false hope thinking that the healthcare Bull still there.. It is already Technology sector goes BULL
And The WA is still too expensive at the current juncture..
At noon today, some things to take note of: 1) Volume is less than 10 mil (at its height, it was 30x that number) 2) Stochastic Oscillator K%D is now below 20% 3) 14-day RSI at 30% line (OVERSOLD)
I think it is bottoming out but since this is already second last day of the week, very unlikely will there be any major movement unless something unearthly takes place
As you can see, new buying opportunities are opening up for the already discounted warrant. At 0.38sen, if you decide to convert, you only pay 0.58 to acquire the mother share. This is the discrepancy shareholders of mothershare will have to contend with. Mother share at moment of writing is 62sen. As it is, waiting at 35sen is not too late.
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Posted by moneytr33 > 2020-06-18 13:50 | Report Abuse
aiks... looks like the positive results wont yield much unless DJI stabilise which is not anytime soon