Friday 29 Mar 2024
By
main news image

KUALA LUMPUR (July 3): Shares in DRB-Hicom Bhd rose 3.51% this morning following a positive technical outlook on the stock.

At 9.10am, DRB-Hicom rose 8 sen to RM2.36 with 2.48 million shares for a market capitalisation of RM4.56 billion.

RHB Retail Research said DRB-Hicom Bhd may rise higher after it breached above the RM2.23 threshold.

In a trading stocks note today, the research house said with the 21-day SMA line edging upwards, this also implies a positive outlook sentiment.

“A positive bias may emerge above the RM2.23 level, with an exit set below the RM2.13 threshold.

“Towards the upside, the immediate resistance is at RM2.40 level. This is followed by the RM2.58 level,” it said.

 

 

      Print
      Text Size
      Share