RHB Retail Research
Trading Stocks - Heineken Malaysia
Heineken Malaysia may climb higher after posting a long white candle and hitting its new 52-week high. In view that the 21- day SMA line is likely to begin turning upwards, this implies a positive outlook sentiment. A bullish bias may emerge above the MYR23.60 level, with an exit set below the MYR22.50 threshold. Towards the upside, the immediate resistance is at MYR25. This is followed by the MYR26 level.
Source: RHB Securities Research - 1 Apr 2019
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