RHB Retail Research
Trading Stocks - Carlsberg Brewery Malaysia
Carlsberg Brewery Malaysia may rebound further after it recently tested the MYR30.90 support. Given that it has formed a white candle for a second consecutive day, the positive sentiment has been enhanced. A positive bias may emerge above the MYR32.00 level, with an exit set below the MYR30.90 threshold. Towards the upside, the immediate resistance is at the MYR34.00 mark. This is followed by the MYR36.00 level.
Source: RHB Securities Research - 31 Jan 2020
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