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Sunday, May 15, 2011

DRB HICOM going up

As mention before about the DRBHICOM, it went up pretty good :)



Observation

Observation
1) Trendline - Uptrend Bullish
2) Formed higher low- Bullish
3) MACD - Formed 4G1R  and Bullish Crossover ( Bullish Reversal)
4) RSI - above from 50% ( Bullish)
5) Sto - Bullish crossover ( Bullish)
6) ADX - weak momentum and bearish
7) Candle Stick -  white candle bullish

Conclusion
Could be a potential profit counter


Entry Price 2.26
Resistance at 2.48
Support at 2.08

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