![](/pub/blog/bl24/capture45_20240827105803.png)
CCK Consolidated Holdings Bhd (CCK, 7035)
- CCK shows strong bullish signals in the short and medium term. For more than 2 weeks, share pricehas stayed above the 20-day and 50-day EMAs underscoring the current bullish sentiment in the stock.
- This positive alignment of short-term and medium-term moving averages suggest that the stock isin a strong uptrend, with potential for further price appreciation. The steady volume and strong support levels indicate robust interests in the stock.
- We expect the rising momentum to steer the stock higher and test the next resistance of RM1.78 (R1)followed by RM1.85 (R2) in the near term.
- On the downside, stop-loss is set at RM1.52, below 50-day EMA.
![](/pub/blog/bl24/capture46_20240827105822.png)
Source: Rakuten Research - 27 Aug 2024
To sign up for an account: http://bit.ly/40BNqKI
[Youtube Tutorial] Account Opening & Enable Foreign Equity: http://bit.ly/3I5Jzxo