RHB Retail Research
Trading Stocks - Carlsberg
Carlsberg Brewery Malaysia formed a long white candle, indicating that the momentum of buying could be strong. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR27 level, with an exit set below the MYR25 threshold. Towards the upside, the immediate resistance is at the MYR29 level. This is followed by the MYR30 mark.
Source: RHB Securities Research - 14 Oct 2019
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