DRB-Hicom shot up and formed a long white candle in its latest session. With an RSI level above 60%, it may continue to climb above the resistance price of RM2.23. If this happens, its shortterm target price will be RM2.38 followed by RM2.52. Support price is anticipated at RM2.09, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM2.23

Target: RM2.38, RM2.52 (time frame: 3-6 weeks)

Exit: RM2.09

Source: AmInvest Research - 21 Jun 2019