Sunday, May 15, 2011

Technical Analysis May 2011: DRBHCOM (1619)



DRB-HICOM BERHAD

Observation from Chart:-

On 13 May 2011, DRBHCOM break up RM2.24 resistant with high volume.

MACD indicator formed bullish crossover.
Most probably it will retest RM2.48 high soon.

However, if retrace down, it might retest RM2.24 support.
Subsequent support would be MA50 RM2.18 or MA100 RM2.09 level.

Let watch closely.


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

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