SKPETRO

Today is May 3rd 2014. And I have been holding SKPETRO-CQ for a week. Why? 

Lets see the parent share:

At the moment, there is no proper candlestick patterns that is telling it a buy call. But SKPetro is in oversold territory. I am not saying this is a best price, but generally buying at oversold territory is considered a good practice. Furthermore, since APRIL 14 2014, EPF is accumulating the shares. EPF always trade in SKP, and i noticed, whenever EPF starts to accumulate the shares, then sooner or later, the share  price will increase. So I bought SKPETRO-CQ at 10 sens for 100000 unit of shares. SKPETRO-CQ is maturing in mid July 2014. So im hoping for some action in May and June.