DRBHcom surpassed RM1.20 key hurdle again recently. The share price of DRBHcom kicked off a technical rebound in Apr 2009, and managed to breakout from the key resistance level of RM1.20 in early Aug. However, as the stock failed to sustain its momentum, it fell back to below RM1.20 swiftly. Subsequently, it consolidated and traded between RM0.96 and RM1.05 for months. Only in late Mar 2010, it relaunched another rally and surpassed RM1.20 again in recent sessions. Despite some profit-taking pullback, it closed yesterday firmly at RM1.22.
DRB-Hicom Berhad : Possible Rebound From RM1.20 Soon…08/04/2010
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