Rakuten Trade Research Reports
Technical View - DRB-Hicom Bhd (DRBHCOM, 1619)
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Publish date: Wed, 03 Apr 2019, 05:14 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
DRB-Hicom Bhd (1619)
- DRBHCOM closed 2 sen or 1.1% higher to RM1.91 yesterday.
- DRBHCOM closed with white candle yesterday and is currently trading above its key simple moving averages indicating bullishness on the buying momentum. We expect the buying interest to continue on the back of potential profits turn-around from Proton Holdings.
- The resistance levels are expected at RM1.94 (R1) and further to RM1.96 (R2).
- Likewise, support levels can be found at RM1.85 (S1) and RM1.79 (S2).
Source: Rakuten Research - 3 Apr 2019
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