RHB Retail Research
Trading Stocks (mid-day) - CCK Consolidated
At the time of writing, CCK Consolidated was testing the MYR0.525 resistance. If the price breaks out, a bullish bias may be present above this point, with a target price of MYR0.575, followed by MYR0.595. The stock may consolidate further if it cannot decisively breach above the MYR0.525 mark in the coming sessions. Support may be found at MYR0.47, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 21 Apr 2020
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