Wednesday, February 8, 2017

Technical Analysis Feb 2017: DRBHCOM (1619)


DRB-HICOM BERHAD 

Observation from Chart:-

DRBHCOM forming BIG ascending triangle?

Will it retest RM1.535 resistance level?

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

Immediate resistance @ RM1.35 level.
Subsequent resistance @ RM1.42 level.

Immediate support @ RM1.23 level.
Subsequent support @ RM1.09 level.

Positive news on DRBHCOM that potential boost DRBHCOM share price movement
Source: http://www.orientaldaily.com.my/
Source: http://www.kwongwah.com.my/

Let's watch closely.

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