CCK (7035) - (CCK 7035 中央冷藏控股)Consolidated may rise higher, says RHB Retail Research


KUALA LUMPUR (May 31): RHB Retail Research said CCK Consolidated Holdings Bhd may rise higher after recording a higher close vis-a-vis the previous session.

In a trading stocks note today, the research house said yesterday’s white candle can be regarded as a continuation of the rebound that started off May 24’s “Hammer” pattern.

“A bullish bias may emerge above the RM1.69 level, with an exit set below the RM1.59 level.“Towards the upside, the immediate resistance is at RM1.90. This is followed by the RM2.00 level,” it said.