Needless to say, everyone knows that SCOMI is heavily involve in the Oil & Gas sector. Even though the sector has been going down in these couple weeks due to the weaken crude oil price, but most of it’s contracts have been locked in previously. The crude price should not be significantly affecting it’s profit, [...]

After the previous post speaking about the weakness, DRB plunged about 7 cents in a day. I hope those that did not sell previously would have respect your STOP LOSS and sold your position. Support could be at RM1.00.

If you’re still holding on the DRB, RM1.05 should be your STOP LOSS. Sell if it breaks through this level. The volume is low and not encouraging at this moment. Up bar with low volume is sign of weakness.