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RHB Retail Research

Author: rhboskres   |   Latest post: Wed, 19 Feb 2020, 4:44 PM

 

Trading Stocks - DRB-HICOM

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DRB-HICOM continued to extend its rebound after it recently tested the MYR2.31 support level. The stock is currently trading above the 30-day SMA line - which also showing early signs of curving upwards. Towards the upside, immediate resistance is pegged at MYR2.43, followed by MYR2.50. A stop-loss can be placed below MYR2.31.

Source: RHB Securities Research - 17 Jan 2020

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