Rakuten Trade Research Reports
Technical View - Mi Technovation Bhd (MI, 5286)
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Publish date: Tue, 25 Feb 2020, 10:41 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Mi Technovation Bhd (5286)
• MI ended 0.74% or 2 sen lower to RM2.67 yesterday.
• Share price remained firmly on its uptrend channel and continues to see buying momentum on the back of higher trading volume. As share price is trading above all key moving averages, it is likely to move higher.
• As such, resistance levels are seen at RM2.80 (R1) and further to RM2.90 (R2).
• On the contrary, downside support levels are expected at RM2.40 (S1) and RM2.20 (S2).
Source: Rakuten Research - 25 Feb 2020
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