RHB Retail Research
Technical Analysis - Mi Equipment
Mi Equipment may trend higher after it formed a white candle and breached above the MYR2.50 threshold. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR2.48 level, with an exit set below the MYR2.28 threshold. Towards the upside, the immediate resistance is at MYR2.70. This is followed by the MYR3.00 level.
Source: RHB Securities Research - 5 Sept 2018
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