RHB Retail Research
Trading Stocks - Heineken Malaysia
Heineken Malaysia may rebound higher after it continued holding above the MYR19.48 support. As the stock rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR20.18 level, with an exit set below the MYR19.48 threshold. Towards the upside, the near term resistance is at MYR21.60. This is followed by the MYR22.80 level.
Source: RHB Securities Research - 22 Jan 2019
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