HEIM 21/06/2020
*21st June Technical Idea*
HEINEKEN MALAYSIA BERHAD (Stock code: 3255)
After new high created at 20 April, we see that HEINEKEN was drop back and react at demand zone on last Friday. Long bias
if share price can trade above 22.315 we will consider is long confirmation and riding the trend to break last high.
Under RMCO we see that some restaurant and bar are getting back food traffic. for consumer recovery play HEINEKEN may a potential name.
*Risk: Moderate Risk*
*TP1: RM23.22*
*TP2: RM24.235*
*SL1: RM20.990*
*SL2: RM17.810*
*Risk Return Ratio:1.43x*
Strategy:
1)This was a limit trade to wait the momentum and buy flow come.
2)Value investor may accumulate at every new low prices or demand zone as long as fundamental remain.
HEINEKEN MALAYSIA BERHAD (Stock code: 3255)
After new high created at 20 April, we see that HEINEKEN was drop back and react at demand zone on last Friday. Long bias
if share price can trade above 22.315 we will consider is long confirmation and riding the trend to break last high.
Under RMCO we see that some restaurant and bar are getting back food traffic. for consumer recovery play HEINEKEN may a potential name.
*Risk: Moderate Risk*
*TP1: RM23.22*
*TP2: RM24.235*
*SL1: RM20.990*
*SL2: RM17.810*
*Risk Return Ratio:1.43x*
Strategy:
1)This was a limit trade to wait the momentum and buy flow come.
2)Value investor may accumulate at every new low prices or demand zone as long as fundamental remain.
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