Wednesday, June 8, 2011

Technical Analysis June 2011: DRBHCOM (1619)



DRB-HICOM BERHAD

Observation from Chart:-

DRBHCOM seem like forming symmetrical triangle.

If able break up the triangle, it will create higher high, uptrend will be continue.

Most analysts will take a position once the price breaks through the top line of the triangle with increased volume.

If it breakout the triangle line: Potential breakout target:-
RM2.68 (break up) & RM1.84 (break down)

Let watch closely.


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

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