Engtex Weekly ChartI 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.
2 comments:
Hi Swifz,
I'm MWChong.
Can I exchange blog link with you ?
Here's my blog address :
http://futurescorner.blogspot.com/
Thanks !
Hi Thanks ! I've added ur link as well. See you aroung
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