Wednesday, October 15, 2014

Technical Analysis Oct 2014: DRBHCOM (1619)

DRB-HICOM BERHAD 

Observation from Chart:-

DRBHCOM forming descending triangle?

How low will it go?

Other indictor:-
MACD trade at negative region, downtrend sign.
Stochastic %K on BUY itinerary..

If technical rebound,
Immediate resistance @ RM2.14 level.
Subsequent resistance @ MA20 level.

Immediate support would be RM2.00 level.
Subsequent support @ RM1.95 level.

Let's watch closely.

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