RHB Retail Research
Trading Stocks - Mi Technovation
Mi Technovation may rise higher after posting a long white candle and hitting its highest point in more than seven months. With the 21-day SMA line pointing upwards, this implies a positive outlook sentiment. A bullish bias may emerge above the MYR2.33 level, with an exit set below the MYR2.22 threshold. Towards the upside, the immediate resistance is at MYR2.50. This is followed by the MYR2.62 level.
Source: RHB Securities Research - 9 Oct 2019
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