RHB Retail Research
Technical Analysis - DRB-HICOM
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DRB-HICOM may rebound higher after it continued holding above the MYR1.66 support. As the stock rose above the 21- day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR1.77 level, with an exit set below the MYR1.66 threshold. Towards the upside, the near-term resistance is at MYR2.07. This is followed by the MYR2.22 level.
Source: RHB Securities Research - 27 Jun 2018
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