DRB-Hicom may climb higher, says RHB Retail Research

TheEdge Fri, Aug 16, 2019 08:37am - 4 years View Original


KUALA LUMPUR (Aug 16): RHB Retail Research said DRB-Hicom Bhd may climb higher after posting a long white candle and hitting its new 52-week high.

In a trading stocks note today, the research house said this can be viewed as a continuation of the bulls extending the rebound from Aug 6’s “Piercing Line” pattern.

“A bullish bias may emerge above the RM2.60 level, with an exit set below the RM2.46 threshold.

“Towards the upside, the immediate resistance is at RM2.80 level. This is followed by the RM3.00 level,” it said.

 

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

DRBHCOM 1.460

Comments

Login to comment.