RHB Retail Research
Trading Stocks - Carlsberg Brewery Malaysia
Carlsberg Brewery Malaysia is attempting to stage a breakout from the resistance level. The stock is testing the upside resistance pegged at MYR22.80. A successful breakout from the resistance will see the stock resuming its prevailing uptrend, moving higher to test the next hurdle at MYR24.00, followed by MYR25.80. A downside breach of the MYR21.00 support would negate this expectation, and shall see a stock price correction.
Source: RHB Securities Research - 21 Dec 2020
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