KUALA LUMPUR (May 5): RHB Retail Research said CCK Consolidated Holdings Bhd may rise higher after it breached above the 52.5 sen threshold.

In a trading stocks note today, the research house said 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 52.5 sen level, with an exit set below the 49 sen mark.

“Towards the upside, the immediate resistance is at the 57.5 sen level, followed by the 59.5 sen threshold,” it said.