Technical Analysis Feb 2012: DRBHCOM (1619)
DRB-HICOM BERHAD
Observation from Chart:-
After a bull rally, DRBHCOM start retrace down for correction.
How low will it go?
Other indictor:-
1. MACD trade at positive region, uptrend sign.
3. Stochastics %K on SELL call itinerary.
Immediate support would be RM2.55 level.
Subsequent support @ MA20 level.
Immediate resistance @ RM3.20 level.
Let watch closely for rebound opportunity.
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