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Wednesday, February 9, 2011

DRB HICOM Vrooom...

Wow finally after a long wait DRBHICOM manage be one of the big bulls again riding up..





















Observation
1) Trend Line - Broke the Downtrend Line ( Bullish)
2) HH - Rebounded on previous higher low at 1.74 and going up (Bullish)
3) MACD - Awaiting for Bullish Crossover ( Awaiting COnfirmation)
4) RSI - Broke the oversold barrier and now at 48% ( Bullish)
5) ADX - High Momentum with Bullish Signal ( Bullish)

Conclusion
Stop Loss at 1.88

Take Profit at 2.26 (R1) and 2.37 (R2)

Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)
http://edwinextremebullrun.blogspot.com/search/label/FORUM


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