Mi Technovation may soon test the RM2.28 level after forming a bullish harami candle pattern. It may move higher upon a successful recovery above this mark with a target price of RM2.49, followed by RM2.63. Meanwhile, it may drift sideways if it fails to move above the RM2.28 mark in the near term. In this case, support is anticipated at RM2.10, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM2.28

Target: RM2.49, RM2.63 (time frame: 3-6 weeks)

Exit: RM2.10

Source: AmInvest Research - 13 Mar 2019