DRB-Hicom is consolidating before testing the RM2.10 resistance level. With its RSI indicator pointing upwards, coupled with bullish white candlesticks pattern, we think that the bullish momentum will soon push towards the short-term target price of RM2.23 followed by RM2.30. In this case, the downside support is marked at RM1.95, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM2.10
Target: RM2.23, RM2.30 (time frame: 2–4 weeks)
Exit: RM1.95

Source: AmInvest Research - 4 Sept 2020