KLSEPSP - CANONE, KIANJOO, 3A, DRBHCOM

CANONE (5105)

1) Today price closed above resistance at RM2.30.
2) High volume.
3) Accu and OBC is getting higher..
4) Targets are RM2.35 and RM2.40.


KIANJOO (3522)

1) Today price closed at RM2.18
2) High volume.
3) On bullish Parabolic.
4) Accu and OBV getting higher.
5) Looking to reached resistance at RM2.22 before go to RM2.26.


3A (0012)

1) Today surged up to RM1.21 and closed at RM1.19
2) Volume higher than previous weeks.
3) OBV at high level and small increment on Accu.
4) Retrenchment as in chart.
5) Parabolic stopped the bearish and started bullish sign from today.
6) Looking for RM1.21 again and next is RM1.23.


DRBHCOM (1619)

1) Today another up and closed at RM2.55
2) Parabolic sign of bullish from yesterday.
3) Accu and OBV are getting higher.
4) Volume getting higher today.
5) Next resistance level is RM2.64.

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.