RHB Retail Research
Technical Analysis - Heineken Malaysia
Heineken Malaysia was testing the MYR20.20 level in its latest session. A bullish bias may be present above this point with a target price of MYR21, followed by MYR21.60. The stock may take a breather if it cannot breach above the MYR20.20 mark in the near term. Support may be found at MYR19, where traders can exit upon a breach to minimise downside risk.
Source: RHB Securities Research - 11 Dec 2018
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