Diminishing volume on an up bar is a sign of weakness. The next immediate resistance is at RM1.05. Your Stop Loss should be readjusted to RM1.00 now. Remember, this is only a short term trade. The market climate still does not promise a rally, unless it is otherwise affected by individual company announcement. Sell @ weakness, Buy @ strength!
Stock Background:
DRB-HICOM (Code: 1619) Berhad is Malaysia’s single largest totally integrated automotive company, with operations in the manufacturing, assembly and distribution of passenger and commercial vehicles. Other businesses that DRB-HICOM is involve in are Property and Infrastructure Development, and Services. e.g. DRB-HICOM assembles foreign cars from Honda, Mercedes-Benz and Hyundai in Malaysia.
You Should Also Check Out This Post:
- Bursa CPO - Possible Reflection Point
- Bursa CPO - This is the reflection point
- Bursa CPO - it is just too weak...
- Bursa CPO - lossing strength..
- Bursa KLOFFE - Still looking at short
More Active Posts:
- Bursa KL Composite Index Monday 14-July 2008 Outlook (2)
- KLSE Stock Tips: Petronas Dagangan Up Thrust After Profit Announcement (2)
- Bursa CPO - Short..Did you? (2)
- Stock Review: YTL Power Berhad (Code: 6742) (1)
- Bursa KLOFFE - Time to go for short term trade (1)
- Stock Review: Public Bank BHD (Code: 1295) - Accumulation Stage! (1)
- Penny Stock Tips: KUB Malaysia Berhad (1)
- Bursa Stock Tips: Ramunia - Buying Opportunity - STOP LOSS @ RM1.60 (1)
David Kong
No User Responded In This Article
Leave Your Comment Below