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Sunday, July 3, 2011

DRBHICOM - Potential BB Squeeze Breakout

DRBHICOM has been on the sideways for 2 week and will this counter become the investor liking again and join the High Volume List again?

1) Trendline - Sideways
2) Formed  the same low  - Sideways
3) MACD -  bullish crossover (Bullish)
4) RSI - Broke  50% (Bullish)
5) Sto -Broke 80% (Short term bullish)
6) ADX - weak momentum and bullish
7) Candle Stick - 3 WHite candle stick ( Bullish)
8) Volume Distribution - High Selling Pressure ( Bearish)

1 Points

       4 Points


Winner BULL

Reached our previous entry price and change our new target
Entry Price 2.31
Resistance  2.37 and 2.5   ( Always try to aim 1 - 2 below the Resistance to have higher chances of selling it)

Support 2.15

Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)


  1. Well.. as I see from the chart there. There certainly a high chance that this shares will be "like shares" for investors.

    Unsure what forces drive this high volume later on. But if technical observe via chart it is a good signal to target this shares still..

    But as for the fundamental side. I don't see any possibility or economic indicators could drive a high volume to it.

    What says you? Any idea?

  2. Basically Technical Analysis come in play where we can convert the sudden high volume into data which it could be due to insider news, insider trading or collection by investment bank before Retail Traders going. This mainly based on the Market Buying and Selling Interest

    So we are also applying some fundamental and choose some well known stocks based on it.