RHB Retail Research

Author: rhboskres   |   Latest post: Fri, 18 Oct 2019, 9:40 AM


Technical Analysis - MI Equipment

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MI Equipment formed a white candle yesterday, after it tested the MYR2.26 support level. This implies that the bulls may be returning after the retracement seen in recent sessions. A bullish bias may emerge above this support mark, and immediate resistance is marked at MYR2.65, followed by MYR2.88. A stop-loss can be placed at below MYR2.26.

Source: RHB Securities Research - 16 Nov 2018

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Labels: MI

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