Support Line


  • Business
  • Thursday, 29 Jan 2004

DRB-Hicom 

SHARE prices have moved out from their extended bear trend following a mild rebound from the downside support of RM1.92. Its stochastics are on a downtrend but the flat trending on the moving average convergence/divergence indicator suggests that prices are likely to be stuck in a range while waiting for clearer signals to emerge. Immediate support and resistance is being kept at RM2.15 and RM2.30 respectively. 

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