RHB Retail Research
Technical Analysis - CCK Consolidated
CCK Consolidated may rebound further after it tested MYR0.85 support in its recent trades. Yesterday’s long white candle has engulfed the prior one to form a “Bullish Engulfing” pattern, implying a potential rebound. A bullish bias may appear above the MYR0.90 level, with an exit set below the MYR0.85 threshold. To the upside, the near-term resistance is at MYR1.00. This is followed by the MYR1.10 level.
Source: RHB Securities Research - 21 Jun 2018
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