• 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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Created by rakutentrade | Aug 23, 2024