Friday, June 22, 2007
Is PBBank coming? The first chart is PBBank-01 while the second is PBBank. PBBank chart is not pretty as it shows weekly bearish divergence and the MACD is going into negative zone. However, at look at PBBank-01 which only the foreigners can buy tells a different story. The weekly RSI bearish divergence has been broken (as of Thursday) and the MACD is going back into positive zone. So, will PBBank follow?
Based on this argument, PBBank could follow PBBank-01, I have taken a tiny position in PBBank-CC as it has the longest lifetime (premium and gearing are all almost the same for the 3 CWs: CA/CB/CC). Hopefully this works out.