AmInvest Research Reports

Stock on Radar - MI Technovation (5286)

AmInvest
Publish date: Tue, 04 Feb 2020, 08:49 AM
AmInvest
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MI Technovation sprang from its low and may soon test the immediate resistace price of RM1.94. Higher trading volume was recorded in the latest session. With a rising RSI, there is a possibility it will break above the resistance price of RM1.94, and move towards the target prices of RM2.07 and RM2.12. The immediate support is anticipated at RM1.82, whereby traders may exit on a breach to avoid the risk of a further consolidation. Trading Call: Buy upon breakout above RM1.94

Target: RM2.07, RM2.12 (time frame: 3-6 weeks) Exit: RM1.82

Source: AmInvest Research - 4 Feb 2020

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