RHB Retail Research
Trading Stocks - Carlsberg Brewery Malaysia
Carlsberg Brewery Malaysia may move higher after it recently breached above the MYR30 mark. Yesterday’s candle has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR30 level, with an exit set below the MYR29 threshold. Towards the upside, the immediate resistance is at the MYR33 mark. This is followed by the MYR35 level.
Source: RHB Securities Research - 7 Jan 2020
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