Heineken Malaysia may move higher after it tested the MYR20.68 support recently. Last Friday’s white candle can be viewed as the bulls extending the rebound from 13 Feb’s “Bullish Harami” pattern. A bullish bias may appear above the MYR21.30 level, with an exit set below the MYR20.68 threshold. Towards the upside, the near-term resistance is at MYR22.30. This is followed by the MYR23 level.

Source: RHB Securities Research - 18 Feb 2019