Poll

What indicators that you mainly use in Technical Analysis (TA)?
Moving Average (SMA/EMA)
RSI
Stochastic
MACD
Ichimoku Kinko Hyo
Volume
Momentum
Poll Maker

Tuesday, 20 March 2012

Request: How low DRB's price will be?

This share has been fav since news of take over of PROTON share. Since then, this stock has gone up from RM2.10 to RM3.24. From this share also, many trader has gained profit from call warrant with high %.
After reached top, DRB dropped fiercely to RM2.46 within 2weeks with the expiry of CI by AMBANK coming on its way. After that rebound a bit to RM2.91 and then drop again until now.

With Stoch & Will indicators, it is going to oversold area which mean price should drop a bit more.
By Ichimoku, share price seems to break its second resistance. should it break that, share will be more bearish with 1st target of RM2.48 and second target RM2.31.
With expiry of CF & CG is coming, well, i think price will hover around at these price for a while.




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