Heineken Malaysia breached the RM20.52 level in its latest session. With a neutral RSI level, it may trend higher above this point with a target price of RM21.40, followed by RM22.14. Meanwhile, it may turn sideways if it falls back below the RM20.52 mark in the near term. In this case, support is anticipated at RM19.67, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM20.52

Target: RM21.40, RM22.14 (time frame: 3-6 weeks)

Exit: RM19.67

Source: AmInvest Research - 3 Oct 2018