RHB Retail Research
Technical Analysis - CCK Consolidated
CCK Consolidated may rebound further after it tested MYR0.71 support recently. Given that the stock has formed a “Hammer” pattern on 11 Oct, this indicates a potential rebound. A bullish bias may appear above the MYR0.78 level, with an exit set below the MYR0.71 threshold. Towards the upside, the near-term resistance is at MYR0.855. This is followed by the MYR0.885 level.
Source: RHB Securities Research - 18 Oct 2018
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