RHB Retail Research
Technical Analysis - CCK Consolidated
CCK Consolidated
CCK Consolidated may rise higher after recording a higher close vis-a-vis the previous session. Yesterday’s white candle can be regarded as a continuation of the rebound that started off 24 May’s “Hammer” pattern. A bullish bias may emerge above the MYR1.69 level, with an exit set below the MYR1.59 level. Towards the upside, the immediate resistance is at MYR1.90. This is followed by the MYR2.00 level.
Source: RHB Securities Research - 8 Jun 2018
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