Carlsberg Brewery Malaysia may rebound higher after it continued holding above the MYR17.08 support. This close has sent the stock to its 1-week high, indicating a positive sign. A bullish bias may appear above the MYR17.70 level, with an exit set below the MYR17.08 threshold. Towards the upside, the near-term resistance is at MYR18.68. This is followed by the MYR19.50 level.

Source: RHB Securities Research - 25 Oct 2018