RHB Retail Research
Trading Stocks - DRB-Hicom
DRB-HICOM continued to rebound after it came near to test the MYR1.60 support mark recently. It managed to cross the 30-day SMA line in the latest session, indicating a positive bias. Towards the upside, the resistance is expected at MYR1.81, followed by MYR1.87. A stop-loss can be placed below MYR1.60.
Source: RHB Securities Research - 8 Feb 2019
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