<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 3): AllianceDBS Research said DRB-Hicom Bhd (DRBHcom) had on Aug 2 gapped up to reach a high of RM2.35 before closing at RM2.32 (up 8 sen or 3.57%).</p></div>

<div class=newsTextDataWrapInner><p>In its evening edition yesterday, the research house said DRBHCom continued to trade above the 20-day (blue) and 50-day (red) moving average lines.</p></div>

<div class=newsTextDataWrapInner><p>“The upside gap indicated the urgency to establish stock position.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Following the up close on Aug 2, the stock is likely to move higher again with immediate hurdle at RM2.36.</p></div>

<div class=newsTextDataWrapInner><p>“A crossover of RM2.36 should see further price rise to the next overhead resistance zone, RM2.46 – RM2.53.</p></div>

<div class=newsTextDataWrapInner><p>“The support is pegged at RM2.26. A fall below RM2.26 would put pressure on the stock down to the subsequent support at RM2.16,” it said. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>AllianceDBS Research said stock volume traded on Aug 2 was 23.2 million shares compared to the 3-month average volume of 7.19 million shares.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Aug 3): AllianceDBS Research said DRB-Hicom Bhd (DRBHcom) had on Aug 2 gapped up to reach a high of RM2.35 before closing at RM2.32 (up 8 sen or 3.57%).

In its evening edition yesterday, the research house said DRBHCom continued to trade above the 20-day (blue) and 50-day ...

DRB-Hicom gapped up, says AllianceDBS Research

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