AmInvest Research Reports
Stock on Radar - Mi Technovation
AmInvest
Publish date: Thu, 21 Dec 2023, 10:46 AM
AmInvest
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
MI Technovation closed with a long white candle today and is currently trading above 20-day EMA, supported by notable volume. This is further reinforced by the EMA lines turning upward, signalling a potential reversal from a 2-week short-term downtrend. Resistance levels may be offered at RM2.00, followed by RM2.10. Toward the downside, the stop-loss is set at RM1.69, positioned below the second support level.
Entry : RM1.80-1.82
Target : RM2.00, RM2.10
Exit : RM1.69
Source: AmInvest Research - 21 Dec 2023
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