Heineken Malaysia may rise higher after it breached above the MYR21 threshold. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A bullish bias may emerge above the MYR21 level, with an exit set below the MYR19.80 threshold. Towards the upside, the immediate resistance is at MYR22.20. This is followed by the MYR23 level.

Source: RHB Securities Research - 7 Feb 2019