Drbhicom (1619) DRB-HICOM BHD - Ride the bull with Proton
Drbhicom (1619) has shown a short term trading idea with 30% return.
Recently, Drbhicom came under the spotlight in the last whole week for the news of Proton. Therefore, the technical view of this stock is being highlight over here.
Based on the weekly chart, the 10 WMA has shown a turning up towards short term uptrend, which technically supported by MaCD and RSI. Therefore, this stock has high probability to rise up by 30% within the next 1-2 months.
From the Daily Chart, a Symmetrical Triangle breakout followed by a flag formation, which shown that drbhicom has a high tendency to move higher towards RM 1.44 in the next 1-3 weeks.
In conclusion, drbhicom is good for short term accumulation, and more good news are expected to release in near future.
Drbhicom (1619) DRB-HICOM BHD - Ride the bull with Proton
http://klse.i3investor.com/blogs/gem2017/115654.jsp
Recently, Drbhicom came under the spotlight in the last whole week for the news of Proton. Therefore, the technical view of this stock is being highlight over here.
Based on the weekly chart, the 10 WMA has shown a turning up towards short term uptrend, which technically supported by MaCD and RSI. Therefore, this stock has high probability to rise up by 30% within the next 1-2 months.
From the Daily Chart, a Symmetrical Triangle breakout followed by a flag formation, which shown that drbhicom has a high tendency to move higher towards RM 1.44 in the next 1-3 weeks.
In conclusion, drbhicom is good for short term accumulation, and more good news are expected to release in near future.
Drbhicom (1619) DRB-HICOM BHD - Ride the bull with Proton
http://klse.i3investor.com/blogs/gem2017/115654.jsp
