According to technicals, DRBHICOM should succumb to upward pressure by next week onwards. Whether or not it turns out to be true depends on the market. With Dow Jones about to breach 13,000 regional markets should have a sustainable, all-be-it temporary bull-run. My aim for DRB should be to reach previous highs, if not higher...considering DRB's NTA is much higher.
After researching and calculating all warrants related to DRBHICOM, I also found that DRBHCOM-CN to be of reasonable value. It should be a good buy, considering the number of days remaining before expiry. My target for the warrant should be for it to reach at least 12.5 to 15 sen. Closed at 5.5 sen today.
No comments:
Post a Comment