Sunday, February 12, 2012

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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