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Friday, March 4, 2011

ZLBT Random Stock Pick >>> DRB Hicom, MUHIBBAH

DRBHCOM (Code : 1619)
DRB-Hicom shares had retraced to the 50%FR (RM1.72), any further weakness to the 61.8%FR (RM1.60) would aggravate oversold momentum and trigger rebound towards the 38.2%FR (RM1.85) and 23.6%FR (RM2.01) going forward.

MUHIBBAH (Code : 5703)
The daily stochastic for Muhibbah is oversold with share price already dipping to the 61.8%FR (RM1.30) support, hence technical rebound can be expected towards the 38.2%FR (RM1.54) and 23.6%FR (RM1.69) ahead.
GOODLUCK2U

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