Monday, March 3, 2014

Technical Analysis Mar 2014: DRBHCOM (1619)

DRB-HICOM BERHAD 

Observation from Chart:- 

DRBHCOM retrace down from RM2.75 high...

Will it retest RM2.40 support level? 

Other indictor:- 
MACD moving toward negative region, downtrend sign. 
Stochastic %K already oversold region.. 

If technical rebound,
Immediate resistance @ MA100 / MA200 level.
Subsequent resistance @ MA20 level.

Immediate support would be RM2.40 level.
Subsequent support @ RM2.31 level.

Let's watch closely.

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