Tuesday, January 31, 2012

DRB-Hicom Bhd, a Potential Stock Tends to go Higher!

Over the last few weeks we saw Proton share was given the opportunity to climb higher and higher until the price was seen dormant at RM 5.40 price. It was said  that the share will be bought by DRB-Hicom Berhad Conglomerate at the pricing deal of RM5.50, for a total cost of 3 billion ringgit. The deal was announced on January the 16th. On the announcement date, the Proton's share and the DRB-Hicom share  were suspended. After the opening hour, the next day the price of Proton has arisen up to RM5.47, before it was closed at RM5.41 on that same day.. Since then, the price of Proton never rose, only fluctuated within a very close range.
While within that same  period the share of DRB-Hicom only showed a little sign of positive momentum. However, a few days later, the DRB share began to show sign of increment..  On January the 17th, the share was closed at  RM 2.10, and on January the 31st, the share price has touched up to RM2.87. What a great debut!

        Daily Closing Price for Proton and Drb-Hicom as date stated

The sign of buying opportunity was traced on the 20th January. Look at the chart to see the outlook
















On the 31st January the stock price still increasing and closed at RM2.83. Don't be greedy, and watch out when the big selling out  is seen.
Stay tune.