RHB Retail Research
Technical Analysis - Carlsberg Brewery Malaysia
Carlsberg Brewery may climb higher after it breached above the MYR19.00 threshold. Given that it has formed a white candle for the third consecutive session, the positive sentiment has been enhanced. A bullish bias may emerge above the MYR19.00 level, with an exit set below the MYR17.80 threshold. Towards the upside, the immediate resistance is at MYR20.00. This is followed by the MYR20.78 level.
Source: RHB Securities Research - 7 Nov 2018
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