I must be reading chart wrongly as no matter how many time I reviewing its all time history chart it still shown a "Very Big bearish Triangle" waiting for........
trend potential triangle show the buy point, the current price is above the long term downtrend red band, is it a potential reversal from bearish to bullish?
refer to GDMM, green candle is going up from the bottom, potential a short term buying chance.
from chart pattern, this buy point is from the higher low, i predict there is still a chance to go up in future.
Great QR result shown last Feb 24.
The best car sales news just released last week.
The price just retraced and cross Ichi cloud.
Therefore, DRBHCOM has the potential to go up.
Drbhcom 22/8/2020 SPT 2.000 , RST 2.270
Drbhcom 8/8/2020 chartwise still okay here, 2.020 resistant hit , this area if can break we can see further upside to 2.270 area
Drbhcom SS 31/7/2020 as compare to automotive stock , this stock seems performs the different way , quite bullish here breaking out the major downtrendline , currently is on the correction mode ,...
On the brink of reversing the downtrend that started since mid 2019, and forming a base with a target as shown in ABCD chart pattern. With all major local automakers reporting highest sales in month of July in year 2020, this might just be the catalyst. Cheers.....
Disclaimer: Not a recommendation to buy or sell. Trade at own risk.
DRB HICOM , NAMPAK AKAN BERSINAR SEKIAN LAMA MENYEPI..
LAST CANDLE DAPAT MENUTUP GAP ,
MOMEMTUM KENAIKAN MAKIN MENGUATKAN UNTUK RIDE .. WATCH OUT JAGA CL
JIKA MINGGU DEPAN BERJAYA MELEPASI 200MA .. AKAN TERUS BERTAHAN ...
Government's announcement today 100% tax incentive for local assembled cars coincide with the launch locally assembled X70 earlier of the year will definitely support its sales barring inactivity during mco, furthermore with the anticipated launch of X50 will support its sales volume for the year and thus its profitability. Immediate upside TP2.10
