RHB Retail Research
Trading Stocks - DRB-Hicom
DRB-Hicom extended its rebound and crossed above the 30- day SMA line in the latest trade, suggesting a positive bias. This came after it tested the MYR2.03 support level recently – positive bias may emerge above this point. Towards the upside, immediate resistance is pegged at MYR2.25, this is followed by MYR2.50. Trades can be exited on downside breach of MYR2.03.
Source: RHB Securities Research - 11 Jun 2019
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