DRBHCOM - BREAKOUT EMA 200 with VOLUME !DRBHCOM - CURRENT PRICE : RM0.910
DRBHCOM broke out EMA 200 with high trading volume. At the same time, the stock is also above ICHIMOKU CLOUD. Take note that the lows in price are getting higher - indicating demand is increasing. This bullish scenario is also supported by recent breakout down trendline in RSI oscillator. RSI is rising and currently at 65.54.
Take note also that there is a double bottom chart pattern with the second low is slightly higher than previous low.
There is possibility that the price may trend higher in near term. Rising window low RM0.820 may acts as strong support.
ENTRY PRICE : RM0.900 - RM0.910
TARGET : RM0.980 and RM1.09
SUPPORT : RM0.820
Notes : The company just announced its QUARTER REPORT. For more details, please visit their website. Previously I had wrote technical report for the company (already hit my both targets). I share the link below here.
