RHB Retail Research
Trading Stocks - Heineken Malaysia
Heineken Malaysia may trend higher after it formed another white candle and breached above the MYR27 mark. This candle has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR27 level, with an exit set below the MYR25.90 threshold. Towards the upside, the immediate resistance is at the MYR28.50 mark. This is followed by the MYR30 level.
Source: RHB Securities Research - 20 Dec 2019
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