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RHB Retail Research

Author: rhboskres   |   Latest post: Thu, 12 Sep 2019, 5:02 PM

 

Technical Analysis - Mi Equipment

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Mi Equipment may trend higher after it formed a long white candle and breached above the MYR2.80 threshold. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR2.80 level, with an exit set below the MYR2.48 threshold. To the upside, the immediate resistance is at MYR3.20. This is followed by the MYR3.50 level.

Source: RHB Securities Research - 18 Sept 2018

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Labels: MI

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Chart Stock Name Last Change Volume 
MI 2.12 +0.07 (3.41%) 2,513,600 

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