This is a trading call. If the share dropped back below RM2.00 in the next day or two, it would be advisable to dispose it, especially if the market were to weaken noticeably.
Chart: DRB Hicom's monthly chart as at Feb 6
Wednesday, February 07, 2007
DRB Hicom has a breakout
DRB Hicom has been trending down in a channel fashion since making a high of RM3.02 in 2002. It appears to have made a breakout above the upper channel at the RM2.00 level.
This is a trading call. If the share dropped back below RM2.00 in the next day or two, it would be advisable to dispose it, especially if the market were to weaken noticeably.
Chart: DRB Hicom's monthly chart as at Feb 6
This is a trading call. If the share dropped back below RM2.00 in the next day or two, it would be advisable to dispose it, especially if the market were to weaken noticeably.
Chart: DRB Hicom's monthly chart as at Feb 6
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