Sunday, August 13, 2017

Technical Analysis Aug 2017: DRBHCOM (1619)



DRB-HICOM BERHAD 

Observation from Chart:-

DRBHCOM break RM1.63 support level.

Will it rebound @ RM1.54 support level?

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

Immediate resistance @ RM1.63 level.
Subsequent resistance @ RM1.70 level.

Immediate support @ RM1.54 level.
Subsequent support @ RM1.50 level.

Let's watch closely.

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