RHB Retail Research
Trading Stocks - DRB-HICOM
DRB-HICOM may rise higher after it formed a second consecutive white candle. This candle has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR2.56 level, with an exit set below the MYR2.38 threshold. Towards the upside, the immediate resistance is at the MYR2.80 level. This is followed by the MYR3.00 level.
Source: RHB Securities Research - 25 Jul 2019
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