Mi Equipment may rebound further after it tested the MYR2.07 support in latest session. As the stock marked a higher close vis-à-vis the previous session, this indicates a positive sign. A bullish bias may appear above the MYR2.30 level, with an exit set below the MYR2.07 threshold. Towards the upside, the near-term resistance is at MYR2.68. This is followed by the MYR2.88 level.

Source: RHB Securities Research - 26 Oct 2018