RHB Retail Research
Trading Stocks - DRB-HICOM
DRB-HICOM may rebound further after it tested the MYR2.38 support in its latest session. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A bullish bias may appear above the MYR2.38 level, with an exit set below the MYR2.38 threshold. Towards the upside, the near-term resistance is at MYR2.56. This is followed by the MYR2.68 level.
Source: RHB Securities Research - 22 Jul 2019
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