ZETA - BREAKOUT NEAREST RESISTANCEZETA - CURRENT PRICE : 20.10 - 20.25
ZETA broke out its nearest resistance 18.18 after the company announced its Quarter Earnings. For more details regarding earnings, investors/traders may visit company's website.
This bullish price action is supported by high trading volume - indicating strong buying interest from investors/traders. MACD is bullish. For ICHIMOKU CHARTS TRADERS, take note that CHIKOU SPAN is moving above candlestick which give a bullish outlook.
ENTRY PRICE : 20.00 - 20.30
TARGET : 21.50 , 23.00 and 24.50
SUPPORT : Below 18.18 (CUT LOSS below 18.18 on closing basis)
Macdbullish
DRBHCOM - The LOW is getting HIGHER !DRBHCOM - CURRENT PRICE : RM0.815
The stock made a HIGHER LOW recently - this may consider as a half portion of new uptrend is completed. A breakout above RM0.930 will form the higher high structure - which confirm the new uptrend phase.
For short term trading purposes, short term traders may anticipate to buy if the stock breakout nearest resistance of RM0.830 - which will give an entry point at RM0.835. So this is a pending breakout stock. Nearest target will be RM0.870 and RM0.910. While support will be RM0.795. Take note also that MACD give a bullish hint.
ENTRY PRICE : RM0.835
TARGET : RM0.870 and RM0.910
SUPPORT : RM0.795
Notes : If the stock breakout RM0.930 in the future, it is a sign of strong bullish momentum (strong uptrend). So at that particular time, trend follower traders may anticipate to buy at RM0.935 - RM0.940.