RHB Retail Research
Technical Analysis - Mi Equipment
Mi Equipment
Mi Equipment may trend higher after it breached above the MYR2.40 threshold. Yesterday’s close has sent the stock to its new record high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR2.40 level, with an exit set below the MYR2.28 threshold. Towards the upside, the near-term resistance is at MYR2.70. This is followed by the MYR3.00 level.
Source: RHB Securities Research - 30 Aug 2018
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