RHB Retail Research
Trading Stocks - Heineken Malaysia
Heineken Malaysia may rebound further after it tested the MYR23.24 support recently. Given that it has formed a long white candle and breached above the 21-day SMA line, this means the bullish sentiment has been enhanced. A bullish bias may appear above the MYR24.00 level, with an exit set below the MYR23.24 threshold. Towards the upside, the nearterm resistance is at MYR25.10. This is followed by the MYR26.00 level.
Source: RHB Securities Research - 3 Jun 2019
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