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Sunday 31 July 2011

PCHEM my waterfall watch list

PCHEM rebounce from support 6.82 and close at 6.85.  6.82 is a strong support.  It formed inverted hammer on 29 July, could be sideway or up (require next trading day to confirm).  RSI level is low 17.7.  Please closely monitor this stock.  Entry price: 6.97.  TP: 7.06, 7.20.
I will monitor PCHEM-CE as well.  It is oversell recently as mother share price dive.
Exerciseprice: 6.8
ratio: 8:1
Ex-date:20/3/2012
Current PCHEM-CE price 0.09.  Do collect more at cheaper price as mother share having high potential to rebounce from technical analysis perspective:)

MHB waterfall

RSI below 30, indicate oversell.  MACD 4R1G, could it be signal of rebounce?  Volume distribution show high buy force.  Entry price:7.80, TP: 8.0, 8.15
MHB-CE: I prefer collect it rather than mother share :)
Exercise price: 5.8
Convert ratio: 10:1
Ex-date: 10/2/2012
Fair price: (7.65-5.8)/10= 0.185
If mother share rebounce,do collect more on the call warrant.