Highlights

PublicInvest Research

Author: PublicInvest   |   Latest post: Thu, 12 Dec 2019, 9:19 AM

 

Technical Buy - DRBHCOM (1619)

Author:   |    Publish date:


  • Target Price: RM2.60, RM2.70
  • Last closing price: RM2.44
  • Potential return: 6.5%, 10.6%
  • Support: RM2.40
  • Stop Loss: RM2.35

Possible for upside. Without creating new low amid market weakness, DRBHCOM is staging a potential turnaround following its prior pullback. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM2.60 be broken, it may continue to lift price higher to subsequent resistance level of RM2.70.

However, failure to hold on to support level of RM2.40 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 15 Nov 2019

Share this
Labels: DRBHCOM

Related Stocks

Chart Stock Name Last Change Volume 
DRBHCOM 2.30 -0.01 (0.43%) 152,200 

  Be the first to like this.
 


 

216  137  425  1487 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 ECOWLD 0.775+0.03 
 SAPNRG 0.260.00 
 EKOVEST 0.815+0.02 
 HSI-H8F 0.13-0.06 
 INSAS-WB 0.0050.00 
 ECOWLD-CV 0.02+0.005 
 SAPNRG-WA 0.11-0.005 
 HSI-C7K 0.33+0.05 
 DYNACIA-PA 0.045+0.005 
 IWCITY 0.90+0.02 

FEATURED POSTS

1. Leveraged & Inverse ETF CMS
Partners & Brokers