Carlsberg Brewery may rise higher after it breached above the MYR19.80 threshold. As the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook. A bullish bias may appear above the MYR19.80 level, with an exit set below the MYR18.80 threshold. Towards the upside, the nearterm resistance is at MYR20.60. This is followed by the MYR21 level.

Source: RHB Securities Research - 19 Dec 2018