Sunday, December 16, 2018

Technical Analysis Dec 2018: DRBHCOM (1619)


DRB-HICOM BERHAD 

Observation from Chart:-

DRBHCOM forming descending triangle pattern.

Will it rebound at RM1.78 support level?

Other indictor:-
MACD trade at negative region, downtrend sign.
Stochastic %K pending trigger BUY call.

Immediate resistance @ RM2.10 level.
Subsequent resistance @ RM2.20 level.

Immediate support @ RM1.78 level.
Subsequent support @ RM1.685 level.

Let's watch closely.

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