RHB Retail Research
Trading Stocks - DRB-HICOM
DRB-HICOM may climb higher after it breached above the MYR2.40 threshold. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A positive bias may emerge above the MYR2.40 level, with an exit set below the MYR2.30 threshold. Towards the upside, the immediate resistance is at the MYR2.58 level. This is followed by the MYR2.72 level.
Source: RHB Securities Research - 10 Jul 2019
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