RHB Retail Research
Technical Analysis - Heineken Malaysia
Heineken Malaysia
Heineken Malaysia was testing the MYR23.50 level in its recent trades. A bullish bias may be present above this point with a target price of MYR24.00, followed by MYR25.00. The stock may take a breather if it cannot breach above the MYR23.50 threshold in the near term. Support may be found at MYR22.50, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 4 Jun 2018
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