RHB Retail Research
Trading Stocks - Carlsberg Brewery Malaysia
Carlsberg Brewery may climb higher after it recently breached above the MYR20 threshold. Given that it has formed a positive candle for the third consecutive day, the positive sentiment has been enhanced. An upbeat bias may emerge above the MYR20 level, with an exit set below the MYR17.40 mark. Towards the upside, the immediate resistance is at the MYR25 level, followed by the MYR27 threshold.
Source: RHB Securities Research - 25 Mar 2020
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