Monday, June 11, 2018

Technical Analysis June 2018: DRBHCOM (1619)


DRB-HICOM BERHAD 

Observation from Chart:-

DRBHCOM forming lower high & lower low.

Will it breakout strong resistance & form bullish reversal?

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

Immediate resistance @ RM2.12 level.
Subsequent resistance @ RM2.28 level.

Immediate support @ RM1.86 level.
Subsequent support @ RM1.69 level.

Let's watch closely.

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