DKSH may experience technical rebound, says AmInvestment Research

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KUALA LUMPUR (Dec 8): AmInvestment Bank Retail Research said DKSH Holdings (M)  Bhd may experience a technical rebound after falling into oversold territory recently.

In a stocks on radar note today, the research house said with a recovering RSI level, the stock may rebound further preferably above the RM4.15 point, with a target price of RM4.46.

“Meanwhile, it may drift sideways if it cannot surpass theRM4.15 point firmly in the near term.

“In this case, support is anticipated at RM3.96, whereby traders may exit on a breach to avoid the risk of a possible downtrend continuation,” it said.