RHB Retail Research
Trading Stocks - CCK Consolidated
CCK Consolidated may rebound higher after it continued holding above the MYR0.535 support. Given that it has formed a long white candle above the rising 21-day SMA line, this means that the bullish sentiment has been enhanced. A positive bias may emerge above the MYR0.56 level, with an exit set below the MYR0.535 threshold. Towards the upside, the immediate resistance is at the MYR0.60 mark. This is followed by the MYR0.635 level.
Source: RHB Securities Research - 6 Nov 2019
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