ZFX's trend is strong. All related technicals are strong and for the fundamentalists, zinc prices are strong too which should keep ZFX humming along.
And for those traders who like leverage and who also like favourable deltas, check out ZFXWMC - the delta was 40% as of this morning.
Those who trade warrants regularly will know that a "high" delta on offer usually refers to 15%-20%, so 40% is a bonaza.
My stop in the underlying is $2.67.
My target is $2.95 by Friday.
These are my personal short term parameters and cannot be taken for financial advice.
Cheers
ZFX
zinifex limited
