RHB Retail Research
Trading Stocks - DRB-HICOM
DRB-HICOM formed a white candle in the latest session to marginally breach the 30-day SMA line. This came after it recently tested the MYR2.40 support twice. This suggests that the stock may be resuming its uptrend. Towards the upside, resistance levels are at MYR2.59, followed by MYR2.70. A stop-loss can be placed below MYR2.28.
Source: RHB Securities Research - 21 Nov 2019
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