RHB Retail Research
Technical Analysis - CCK Consolidated
CCK Consolidated
CCK Consolidated may move higher after it tested MYR0.85 support in its latest session. Given that the stock has formed a “Hammer” pattern on 11 Jul, this indicates a potential rebound. A bullish bias may appear above the MYR0.85 level, with an exit set below the MYR0.85 threshold. Towards the upside, the near-term resistance is at MYR0.955. This is followed by the MYR1.00 level.
Source: RHB Securities Research - 12 Jul 2018
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