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 RM2.50. If this happens, its short-term target prices will be RM2.70 followed by RM2.76. If it closes below RM2.50, expect a sideway movement. The support price is anticipated at RM2.39, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM2.50

Target: RM2.70, RM2.76 (time frame: 3-6 weeks)

Exit: RM2.39

Source: AmInvest Research - 20 Nov 2019