RHB Retail Research
Technical Analysis - DRB-HICOM
DRB-HICOM may rebound further after it tested the MYR1.60 support recently. Given that it has formed a positive candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may emerge above the MYR1.69 level, with an exit set below the MYR1.60 threshold. Towards the upside, the immediate resistance is at MYR1.82. This is followed by the MYR1.96 level.
Source: RHB Securities Research - 26 Dec 2018
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