KUALA LUMPUR (Feb 18): RHB Retail Research said Heineken Malaysia Bhd may move higher after it tested the RM20.68 support recently.

In a trading stocks note today, the research house said last Friday’s white candle can be viewed as the bulls extending the rebound from Feb13’s “Bullish Harami” pattern.

“A bullish bias may appear above the RM21.30 level, with an exit set below the RM20.68 threshold.

“Towards the upside, the near-term resistance is at RM22.30. This is followed by the RM23 level,” it said.