RHB Investment Research Reports

Trading Stocks - MI Technovation

rhbinvest
Publish date: Thu, 21 Dec 2023, 11:11 AM
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An official blog in I3investor to publish research reports provided by RHB Research team.

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MI Technovation is set for a strong rebound after undergoing a breakout above the MYR1.83 level yesterday on improving trading volume above the 21-day SMA line. If the breakout sustains, the stock will likely advance towards the MYR1.94 recent high, followed by the next resistance at MYR2.06 – testing the high of 2023. Conversely, a drop below the MYR1.75 support would invalidate the bullish setup.

Source: RHB Securities Research - 21 Dec 2023

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