chefaiz27

DRBHICOM: A possibility

MYX:DRBHCOM   DRB-HICOM BHD
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On the daily chart , the stock is in the short-term downtrend as it traded below the downtrend line. However, on the recent movement, the share price climb from the lowest of RM 2.00 on 25/4/2018. As the momentum indicator is pointing up and improving, we foresee the short-term bullish is coming. Our first target is peg at RM 2.29 and RM 2.33-36 as 2nd target. If the stock price can break and traded above the 2nd target, we believe this stocks have potential to soaring up.

Disclaimer: This is for Technical analysis study purposes only

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