Monday, December 2, 2013

Technical Analysis Dec 2013: DRBHCOM (1619)

DRB-HICOM BERHAD

Observation from Chart:-

DRBHCOM succeed breakout downtrend resistance.

How high will it go?

Other indictor:-
MACD moving toward positive region, uptrend sign.
Stochastic %K on BUY call itinerary.

Immediate resistance @ RM2.74
Subsequent resistance @ RM2.88

If retrace down,
Immediate support would be RM2.66 level.
Subsequent support @ MA100 level.

Let's watch closely.

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