RHB Retail Research
Trading Stocks - DRB-HICOM
DRB-HICOM touched the immediate resistance level on higher trading volume. With the increasing trading volume lately, the stock is ready to challenge the immediate resistance level at MYR2.10. If it crosses that level, we will expect it to move higher and test the next resistance level at MYR2.15, followed by MYR2.30. This positive expectation should remain valid, provided the MYR1.99 support is not breached.
Source: RHB Securities Research - 4 Dec 2020
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