RHB Retail Research
Trading Stocks - DRB-HICOM
DRB-HICOM has been showing signs of a rebound, after it experienced a sharp decline on 26-29 Aug. A positive bias may emerge above MYR2.37 (the low of the “Long-Legged Doji” formation) – while a stop-loss can be placed below the same mark. Towards the upside, the resistance marks are expected at MYR2.56, followed by MY2.66 (near the 30-day SMA line).
Source: RHB Securities Research - 18 Sept 2019
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