RHB Retail Research
Trading Stocks - CCK Consolidated
CCK Consolidated formed a long white candle, indicating that the momentum of buying could be strong. This upward momentum is likely to continue, given that it has posted a third consecutive white candle. A bullish bias may emerge above the MYR0.52 level, with an exit set below the MYR0.45 threshold. Towards the upside, the immediate resistance is at MYR0.655. This is followed by the MYR0.71 level.
Source: RHB Securities Research - 12 Feb 2019
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