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DRB-Hicom Bhd.DRB-Hicom Bhd.DRB-Hicom Bhd.

DRB-Hicom Bhd.

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DRBHCOM trade ideas

DRBHCOM - BREAKOUT EMA 200 with VOLUME !DRBHCOM - CURRENT PRICE : RM0.910 DRBHCOM broke out EMA 200 with high trading volume. At the same time, the stock is also above ICHIMOKU CLOUD. Take note that the lows in price are getting higher - indicating demand is increasing. This bullish scenario is also supported by recent breakout down trendline in RSI oscillator. RSI is rising and currently at 65.54. Take note also that there is a double bottom chart pattern with the second low is slightly higher than previous low. There is possibility that the price may trend higher in near term. Rising window low RM0.820 may acts as strong support. ENTRY PRICE : RM0.900 - RM0.910 TARGET : RM0.980 and RM1.09 SUPPORT : RM0.820 Notes : The company just announced its QUARTER REPORT. For more details, please visit their website. Previously I had wrote technical report for the company (already hit my both targets). I share the link below here.
MYX:DRBHCOMLong
by IMRAN_96
DRBHCOM - The LOW is getting HIGHER !DRBHCOM - CURRENT PRICE : RM0.815 The stock made a HIGHER LOW recently - this may consider as a half portion of new uptrend is completed. A breakout above RM0.930 will form the higher high structure - which confirm the new uptrend phase. For short term trading purposes, short term traders may anticipate to buy if the stock breakout nearest resistance of RM0.830 - which will give an entry point at RM0.835. So this is a pending breakout stock. Nearest target will be RM0.870 and RM0.910. While support will be RM0.795. Take note also that MACD give a bullish hint. ENTRY PRICE : RM0.835 TARGET : RM0.870 and RM0.910 SUPPORT : RM0.795 Notes : If the stock breakout RM0.930 in the future, it is a sign of strong bullish momentum (strong uptrend). So at that particular time, trend follower traders may anticipate to buy at RM0.935 - RM0.940.
MYX:DRBHCOMLong
by IMRAN_96
3 Major Sign of Weakness in Inari and Why You Should KnowIdentify the background and intention of the Smart Money helps you as a VSA trader to plan your trading plan better. Follow the footprints of the Smart Money. Send us your preference stock to review based on TradeVSA chart by comment at below. Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
MYX:DRBHCOMEducation
by MartinTFWong
Trading with the Smart Money – DRB-Hicom (1619.KL) The “smart money”, or the group of winning traders that include market makers, large institutions, hedge funds, and algorithms, rely on “dumb money” retail traders for their steady stream of profits. As a Volume Spread Analysis trader, we want to follow the smart money and profit together with them. We tend to look for hidden potential buying for entry and hidden potential selling to exit by identifying their footprints. In this post, we would like to share how you can identify these footprints using DRB-Hicom chart. Several signals are well spotted based on Volume Spread Analysis method as below: 1. A weak background with distribution on Feb 2018 and mark-down since March 2018 2. Formed a short re-distribution zone with upbars volume are lower compare to previous mark-up stage. This indicates demands are lesser. 3. Up-Thrust is spotted again on 20 August 2018 at previous distribution zone shows smart money is selling at the higher price.
MYX:DRBHCOMEducation
by MartinTFWong