CARLSBG (2836) : Leading the Way!

CARLSBG (2836) : Leading the Way!

In April 2014, I posted about Carlsbg's sharp drop and its possible recovery (here). Nearly a year later, we are finally seeing Carlsbg's recovery. In the past 4 weeks, the stock broke above 3 horizontal resistance at RM12.00, RM12.50 & RM13.00. Its next resistance is at RM13.70.


Chart 1: Carlsbg's weekly chart as at Mar 4, 2015_3.00pm (Source: ShareInvestor.com)

The other 2 stocks mentioned in that earlier post were GAB and Orient. GAB had a decent rally in early February to test the horizontal resistance at RM14.00. Yesterday, it broke above the RM14.00 and it continues to rally today.


Chart 2: GAB's weekly chart as at Mar 4, 2015_3.00pm (Source: ShareInvestor.com)

Unlike Carlsbg & GAB, Orient has yet to put in a decent recovery. Orient is a conglomerate with exposure in automotive industry & plantation sector while Carlsbg & GAB are consumer stocks involved in the brewery business.


Chart 3: Orient's weekly chart as at Mar 4, 2015_3.00pm (Source: ShareInvestor.com)

Based on the above breakout, Carlsbg & GAB are expected to continue to trend higher.

Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Carlsbg, GAB & Orient.

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