RHB Retail Research
Technical Analysis - MI Equipment
MI Equipment formed a white candle yesterday, after it tested the MYR2.26 support level. This implies that the bulls may be returning after the retracement seen in recent sessions. A bullish bias may emerge above this support mark, and immediate resistance is marked at MYR2.65, followed by MYR2.88. A stop-loss can be placed at below MYR2.26.
Source: RHB Securities Research - 16 Nov 2018
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