CCK Consolidated may trend higher after it closed above the RM0.62 resistance with a long white candle two sessions ago. As the stock also recorded its new 52-week high and together with all of its rising EMAs, the bullish momentum is likely to pick up further. A bullish bias may emerge above the RM0.62 level, with a stop-loss set at RM0.59, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM0.68, followed by RM0.70.

Entry : RM0.62–0.64

Target : RM0.68, RM0.70

Exit : RM0.59

Source: AmInvest Research - 4 Oct 2022