RHB Retail Research
Trading Stocks - Carlsberg Brewery Malaysia
Carlsberg Brewery formed a long white candle, indicating that the momentum of buying could be strong. The upward momentum would likely continue, given that it has breached above the downtrend line drawn in the chart. A bullish bias may emerge above the MYR25 level, with an exit set below the MYR23.40 threshold. Towards the upside, the immediate resistance is at MYR27. This is followed by the MYR28 level.
Source: RHB Securities Research - 27 Aug 2019
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