RHB Retail Research
Technical Analysis - DRB-HICOM
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DRB-HICOM was testing the MYR2.07 level its latest session. A bullish bias may be present above this point with a target price of MYR2.16, followed by MYR2.28. The stock may consolidate further if it cannot breach above the MYR2.07 threshold decisively in the near term. Support may be found at MYR1.77, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 6 Jul 2018
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