Technical Analysis Aug 2019: DRBHCOM (1619)
DRB-HICOM BERHAD
Observation from Chart:-
DRBHCOM retest @ RM2.72 resistance level.
Will it breakout & go higher?
Other indictor:-
MACD trade at positive region, uptrend sign.
Stochastic %K on BUY call itinerary.
Immediate resistance @ RM2.72 level.
If breakout, higher high is confirm. Uptrend will resume.
Immediate support @ RM2.56 level.
Subsequent support @ RM2.38 level.
Let's watch closely.
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