- Maturity Date: 30/11/2024 (or, tenor of 8 years)
- Exercise Ratio: 1-for-1
- Exercise Price: RM1.30
From the chart below, we can see that Annjoo is now trading at a new one-year high- surpassing the high of RM2.23 recorded on October 25, 2016. With this upside breakout, Annjoo may continue to rise to its next resistance at RM2.70-3.00.
Based on the uptrend in the underlying share price, Annjoo-PA could be a good trading BUY. Please exercise careful discretion if you choose to trade this instrument.
Chart 1: Annjoo's daily chart as at Jan 5, 2016 (Source: Chartnexus)
Chart 2: Annjoo-PA's daily chart as at Jan 5, 2016 (Source: Chartnexus)
I hereby confirm that I do not have any direct interest in the security or securities mentioned in this post. However, I could have an indirect interest in the security or securities mentioned as some of my clients may have an interest in the acquisition or disposal of the aforementioned security or securities. As investor, you should fully research any security before making an investment decision.