Technical Analysis Mar 2011: DRBHCOM (1619)
DRB-HICOM BERHAD
Observation from Chart:-
DRBHCOM have been retrace down from RM2.19 high to RM1.73 (-21%)
As 2 March 2011, NO reversal candlestick been formed, so high probability it will future retrace down.
Next support would be around RM1.57
However, technical rebound might be in place soon.
If rebound, it will retest RM1.76 & RM1.86 resistant.
Let watch closely for entry opportunity.
Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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