Friday, October 12, 2012

Technical Analysis Oct 2012: DRBHCOM (1619)

DRB-HICOM BERHAD

Observation from Chart:-

DRBHCOM is forming Descending Triangle.

Will it break up?

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

Immediate support would be RM2.33 level.
If the bull strong enough, it might break through upper triangle line & forming higher high.

Let's watch closely.

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