CCK Consolidated Holdings is set to trend higher after breaking above the MYR0.93 immediate resistance with strong trading volume. If the breakout above that level continues, the stock may climb higher towards unchartered territory ie the MYR1 mark, followed by the next resistance at MYR1.10. However, a fall below the MYR0.89 support would potentially signal a downtrend.
Source: RHB Securities Research - 22 Feb 2024
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Created by rhbinvest | Aug 30, 2024