Tuesday, May 22, 2012

Technical Analysis May 2012: DRBHCOM (1619)


Observation from Chart:-

DRBHCOM is forming Descending Triangle.

Will it break up?

Other indictor:-
1. MACD trade at negative region, downtrend sign.
3. Stochastics %K trigger BUY call, pending confirmation.

Immediate support would be RM2.30 level.
Subsequent support @ MA200 level.

Immediate resistance @ MA20 level or upper triangle line.
If the bull strong enough, it might break through upper triangle line & forming higher high.

Let watch closely.


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