Tuesday, September 8, 2009

After Proton...Can DRBHCOM Move?

Fundamentally DRBHCOM do not warrant any good value. However, being a GLC proxy, this counter may give us a surprise. Target price RM1.70 given by financeblogspot. It look like accumulation at 1.15-1.20 level. If you are looking at 20% return for short term trading, target price of RM1.44 is achieveable.

Proton today break RM3.50 and hit high RM3.70. Good move and volume increase.

Happy trading and maybe can get some Hari Raya Ang Pow.

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