Accumulation time for INSAS-WA?

Insas-wa has dropped more than 50% of it's value since it's peak this year at $0.58.

With an exercise price of $1, ex ratio of 1:1 and lastly about 1 year and 10 months to expiry...this warrants still look interesting to me...

Why?

1) Has about bottom out at current price of $0.22... rock solid support at $0.20.

2) KLCI will rise in due time and insas will reap once investors returns to the market.

3) Chartwise I would like to say a mini-bullish engulf appeared, potentially ending the bear's reign.

4)With time at it's side, though very much under water for now. I think it's worth considering for long term investor.

Don't under estimate this counter...cheap and offer high leverage. Well, that's my view...