RHB Retail Research
Trading Stocks - Heineken Malaysia
Heineken Malaysia may trend higher after it formed another white candle and climbed above the MYR25 threshold. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR24.80 level, with an exit set below the MYR23.50 threshold. Towards the upside, the immediate resistance is at the MYR26 level. This is followed by the MYR27 level.
Source: RHB Securities Research - 17 Oct 2019
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