We believe the buying interest for Mi Technovation is back after it pushed out from the 4-week bullish flag pattern with a white candle yesterday. With its 20-day and 50-day EMAs starting to trend higher again, additional upside strength may be present in the near term. A bullish bias may emerge above the RM1.83 level, with a stop-loss set at RM1.68, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM2.00, followed by RM2.10.

Entry : RM1.83–1.88

Target : RM2.00, RM2.10

Exit : RM1.68

Source: AmInvest Research - 16 Nov 2023