Most of Covered (Call) Warrants are traded at OVERBOUGHT level.
Will Covered (Call) Warrants collapse? Covered (Call) Warrants are expected to hovering at last week level.
Why? The underlying of Covered (Call) Warrants are mostly bluechips. Bluechips are expected to hold on current price level, no sharp retracement likely to occur, minor retracement is unavoidable in short period.
To buy CA, CB, CC now? Too pricy to go for CA, CB, CC now. Even volume play is too risky at this level.
TO REMIND : SOME CA IS EXPIRED END OF THE YEAR!
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