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Sunday, January 16, 2011


Let talk about DRB HICOM, which a lot of people talking about

1) Uptrend - Still above the uptrend line. Cut loss it break below 2.05
2) HH - Formed Higher HIgh and now retracing back to the previous HL at 1.89.
3) MACD - Downtrend after Negative signal already cut the blue line
4) RSI - Cut below the Overbought and retracing - Not good
5) ADX - SIgnal at 63 and showing bearish. Still counter highly to retrace at a very fast pace.

This counter might retrace 1.89 and let see if there is any reversal sign on the candle stick or indicator, If it reverse and have a high low above 1.89 then we can see another bull run again..

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