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Nestlé Malaysia is rising short-term with strong Q2 earnings and solid cash flow. However, the stock looks overvalued, and technical signals suggest possible resistance near RM 86–87. Momentum is positive, but caution is advised.
Nestlé (Malaysia) Berhad is expected to trade sideways in the short term, between RM 75 and RM 82. While it benefits from strong brand value and stable dividends, recent earnings have declined and its valuation remains high. With weak growth and neutral market sentiment, any upside depends on improved financial results or stronger investor confidence.
Nestlé (Malaysia) Berhad shows a neutral to slightly bearish short-term trend. It faces resistance near MYR 79 and support around MYR 75. Technical indicators suggest weak momentum, though strong Q1 results support long-term stability. Watch for a breakout above the 50-day moving average.
