RHB Retail Research
Trading Stocks - Mi Technovation
Mi Technovation may rebound further after it tested MYR1.79 support in its latest session. Given it formed a long white candle above the rising 21-day SMA line, this means that the bullish sentiment has been enhanced. A positive bias may emerge above the MYR1.87 level, with an exit set below the MYR1.79 mark. Towards the upside, the immediate resistance is at the MYR2.05 level, followed by the MYR2.20 threshold.
Source: RHB Securities Research - 24 Dec 2019
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