Wednesday, August 3, 2011

Technical Analysis Aug 2011: DRBHCOM (1619)


Observation from Chart:-

DRBHCOM seem like break through bolinger band squeeze.

If able break through RM2.36 level, next resistant would be RM2.48 level.

If retrace down, it might retest strong support at MA50 / MA100 which is around RM2.23 level

Other indictor:-
1. MACD moving positive region, it might continue the uptrend.
2. No overbought sign from RSI.
3. Stochastics %K no trigger sell call yet.

Let watch closely for entry opportunity.


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


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