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Sunday, November 01, 2009

Engtex

Engtex Weekly Chart

I bought Engtex in May 2009 as it indicated a breakout. However, the price falls back. This time, it has successfully overcame the downtrend line. I'm still holding. Weekly indicator indicates almost overbought and it is testing the previous high of 1.20. If it falls back, then I will be eyeballing its warrant (Engtex-wa, strike: MYR1.25, ex date: 25.10.2017). The warrant premium is high (30%), so need to wait for more reasonable valuation.

Disclosure: Long in Engtex.

3 comments:

MW Chong said...

Hi Swifz,


I'm MWChong.
Can I exchange blog link with you ?

Here's my blog address :
http://futurescorner.blogspot.com/

Thanks !

swifz said...

Done!

MW Chong said...

Hi Thanks ! I've added ur link as well. See you aroung