Heineken Malaysia rose above the RM19.68 level in its latest session. With a healthy RSI level, it may move higher above this mark with a target price of RM20.65, followed by RM22.14. Meanwhile, it may drift sideways if it falls back below the RM19.68 mark in the near term. In this case, support is anticipated at RM18.28, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM19.68

Target: RM20.65 RM22.14 (time frame: 3-6 weeks)

Exit: RM18.28

Source: AmInvest Research - 7 Nov 2018