RHB Retail Research
Technical Analysis - Carlsberg Brewery Malaysia
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Carlsberg Brewery Malaysia may rebound further after it tested its MYR19.20 support in its latest session. Given that the stock formed a “Hammer” pattern on 22 Jun, this indicates a potential rebound. A bullish bias may appear above the MYR19.20 level, with an exit set below the MYR19.20 threshold. Towards the upside, the near-term resistance is at MYR20.78. This is followed by the MYR22 level.
Source: RHB Securities Research - 25 Jun 2018
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