KUALA LUMPUR (Feb 7): RHB Retail Research said Heineken Malaysia Bhd may rise higher after it breached above the RM21 threshold.

In a trading stocks note today, the research house said this upward momentum is likely to continue, given that it has posted a second consecutive white candle.

“A bullish bias may emerge above the RM21 level, with an exit set below the RM19.80 threshold.

“Towards the upside, the immediate resistance is at RM22.20. This is followed by the RM23 level,” it said.