RHB Retail Research
Technical Analysis - Heineken Malaysia
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Heineken Malaysia was testing the MYR22.30 level in its latest session. A bullish bias may be present above this point with a target price of MYR23.10, followed by MYR24.00. The stock may take a breather if it cannot breach above the MYR22.30 threshold decisively in the near term. Support may be found at MYR21.14, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 4 Jul 2018
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