Mi Technovation shot up and formed a long white candle in its lastest session. With an RSI level above 60%, it may continue to climb above the resistance price of RM2.24. If this happens, its short-term target price will be RM2.43 followed by RM2.62. The support price is anticipated at RM2.05, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM2.24 Target: RM2.43, RM2.62 (time frame: 3-6 weeks) Exit: RM2.05

Source: AmInvest Research - 3 Oct 2019