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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:)

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