Thursday, November 11, 2010

Interesting Chart: Axiata

Axiata Daily Chart

Coiling. A major move may be coming.

Disclosure: No position.


hkloon said...

Hi Swifz,

What do you think of Sapcrest especially with its CB call warrant? The stock seems to have broken its 2.60 resistance and the call warrant has until next year September to trade.


swifz said...

I'm bullish on Sapcres, but unable to find a good entry point for the warrants. The warrants were trading at a large premium (+16%) when a buy signal was given (about 2-3 weeks ago) I prefer a premium of less than 8%.

If the premium contracts during a correction, I may enter a position.