Technical Stockpick - DRB-Hicom Bhd
Tue, 09-Sep-2025 07:29 am
by Research Team • Apex Research

DRBHCOM (1619)
Last Price (RM)
0.920
Resistance (RM)
R1 — 1.000 / R2 — 1.070
Support (RM)
S1 — 0.875

Technical Commentary:

The counter retraced from its early-year peak before bottoming in April. It subsequently recovered the bulk of its losses and completing a double-bottom formation. Fresh momentum has brought the stock back to re-test the RM0.935 resistance level. A decisive breakout above this threshold would validate further bullish momentum, opening scope for an advance toward RM1.00-RM1.07. Immediate support is situated at RM0.875.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.211506 4.244897
EUR 4.908298 4.917824
CNY 0.593128 0.594283
HKD 0.542213 0.546006
SGD 3.246856 3.272846