DRBHICOM – FLAG PATTERN

DRBHICOM is showing a bullish flag pattern. Bullish flag pattern is a sign of continuous trend and the target price normally has the same quantum as the pole. Target price for DRBHICOM is RM3.08. At current price of RM2.66, it represents 15.8% upside. What about the downside? Immediate stop loss is at RM2.48.

I rate this a high risk, high return trade. Only RSI is showing a weak sign of bullish reversal while other indicators are neutral.