DRBHCom closed successfully at above the key hurdle of RM1.20.
DRBHCom’s movement has been volatile since last year’s rally from below
RM0.74 level. As the stock accelerated above the RM0.95 level in Mar 2010, it
touched a high of RM1.31, before falling off the key RM1.20 level in a
consolidation in Apr. Since Aug, the stock picked up its upward momentum and
rechallenged the key resistance level of RM1.20. It hit a 5-month high of RM1.25
last week before closing Friday at RM1.21, ended successfully above the RM1.20
tough hurdle.
Mandarin Version : DRB-Hicom Berhad : Upside Targets Of RM1.31 And RM1.39 In The Near Term… - 27/09/2010
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