Mi Technovation formed a long white candle yesterday, indicating that the momentum of buying could be strong. Meanwhile, the 21-day SMA line has successfully crossed above the 55-day SMA line lately, suggesting that the buying momentum may accelerate. A bullish bias may emerge above the MYR2.60 level, with an exit set below the MYR2.34 threshold. Towards the upside, the immediate resistance is at MYR2.86. This is followed by the MYR3.00 level.

Source: RHB Securities Research - 20 Feb 2019