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Tuesday, January 25, 2011

DRB HICOM will it Survived KLSE onslaught?

KLSE onslaught is taking many counter down with her and DRBHICOM could be next

1) Trendline - Bearish and below the downtrend line
2) HH - Reaching to previous higher low at 1.89, break this support line there will be a strong free fall
3) MACD - Bearish
4) RSI - Bearish at 33%
5) ADX - High momentum at 45 with bearish signal

Watchout for the support line at 1.89. It will either break downwards and head for the next support line at 1.74

Entry Price at RM 2 ( Watch this closely to catch huge profit if KLSE rebound)
- Form new higher low
- Rebound RSI at 30%
- MACD show 4R1G

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