Wednesday, July 6, 2011

Technical Analysis July 2011: DRBHCOM (1619)



DRB-HICOM BERHAD

Observation from Chart:-

DRBHCOM seem like forming descending 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.

Strong support at MA100 which is around RM2.19 level

Let watch closely for entry opportunity.



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

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