RHB Retail Research
Technical Analysis - Carlsberg Brewery Malaysia
Carlsberg Brewery Malaysia may move higher after it formed a second consecutive long white candle. The upside move may persist after it recently breached above the downtrend line drawn in the chart. A bullish bias may appear above the MYR19.60 level, with an exit set below the MYR18.80 threshold. Towards the upside, the near-term resistance is at MYR21.00. This is followed by the MYR22.00 level.
Source: RHB Securities Research - 23 Aug 2018
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