RHB Retail Research
Trading Stocks - DRB-HICOM
DRB-HICOM continued to extend its rebound after it recently tested the MYR2.31 support level. The stock is currently trading above the 30-day SMA line - which also showing early signs of curving upwards. Towards the upside, immediate resistance is pegged at MYR2.43, followed by MYR2.50. A stop-loss can be placed below MYR2.31.
Source: RHB Securities Research - 17 Jan 2020
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