Mi Equipment may rise higher after it breached above the MYR2.50 threshold. This can be viewed as a continuation of the bulls extending the rebound from 29 Oct’s “Hammer” pattern. A bullish bias may emerge above the MYR2.50 level, with an exit set below the MYR2.16 threshold. Towards the upside, the immediate resistance is at MYR2.88. This is followed by the MYR3.10 level.

Source: RHB Securities Research - 5 Nov 2018