RHB Retail Research
Trading Stocks - Heineken Malaysia
Heineken Malaysia may trend higher after posting a white candle and hitting its new 52-week high. In view of the positive slope of the 21-day SMA line, the bullish sentiment has been enhanced. A positive bias may emerge above the MYR25.60 level, with an exit set below the MYR24.74 threshold. Towards the upside, the immediate resistance is at the MYR27 mark. This is followed by the MYR28 level.
Source: RHB Securities Research - 14 Nov 2019
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