RHB Retail Research
Trading Stocks - Mi Technovation
Mi Technovation may rise higher after it formed a third consecutive white candle. As the 21-day SMA line is likely to turn higher, the bullish sentiment has been enhanced. A positive bias may emerge above the MYR1.79 level, with an exit set below the MYR1.65 threshold. Towards the upside, the immediate resistance is at the MYR2.00 mark. This is followed by the MYR2.10 level.
Source: RHB Securities Research - 9 Dec 2019
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