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Heineken NV - Daily

By Minipip
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Heienken shares are currently stable as both indicators suggest a neutral stance. But, any major volatility may create a sharp break in either direction.

Looking at the shares of Heineken, the current price of its shares sits at €90.16 with an established support level of €88.26. This support level matches the lower yellow trendline of the symmetrical triangle. A break below the symmetrical triangle could see a dip in price towards the next support level at €84.18 (red trendline). In the opposite direction, firm resistance sits at €91.87 followed by further resistance at €95.20, which is just below the upper trendline of the trinagle. A move above the €95.20 price, could see the stock break out of the symmetrical triangle and head towards the €100 price point. Looking at the indicators, MACD is neutral and RSI reads 47, overall both indicators are suggesting a neutral stance. Any major volatility in the short-term may result in a break in either direction.     

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