RHB Retail Research: CCK Consolidated may rise higher

RHB Retail Research says CCK Consolidated Bhd may rise higher after it breached above the MYR0.525 threshold.

In a trading note, the research house says given that it has formed a long white candle above the rising 21-day SMA line, this points to a positive sign.

“An upbeat bias may emerge above the MYR0.525 level, with an exit set below the MYR0.49 mark.

“Towards the upside, the immediate resistance is at the MYR0.575 level, followed by the MYR0.595 threshold,” it says.

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