RHB Retail Research
Trading Stocks - DRB-HICOM
DRB-HICOM may climb higher after posting a long white candle and hitting its new 52-week high. This can be viewed as a continuation of the bulls extending the rebound from 6 Aug’s “Piercing Line” pattern. A bullish bias may emerge above the MYR2.60 level, with an exit set below the MYR2.46 threshold. Towards the upside, the immediate resistance is at MYR2.80 level. This is followed by the MYR3.00 level.
Source: RHB Securities Research - 16 Aug 2019
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
