Carlsberg Brewery Malaysia may rise higher after it breached above the MYR20 threshold. This close has sent the stock to its highest point in nearly five months, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR20 level, with an exit set below the MYR19.20 threshold. Towards the upside, the immediate resistance is at MYR21. This is followed by the MYR22 level.

Source: RHB Securities Research - 22 Jan 2019