RHB Retail Research
Technical Analysis - Carlsberg Brewery Malaysia
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Carlsberg Brewery may move higher after it continued holding above the MYR19.20 support. Yesterday’s white candle sent the stock to its 1-week high, thereby enhancing the bullish sentiment. 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 MYR20.10. This is followed by the MYR20.70 level.
Source: RHB Securities Research - 6 Jul 2018
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