RHB Retail Research
Trading Stocks - Mi Technovation
Mi Technovation may rebound further after it tested the MYR1.75 support in its latest session. Given that the stock has formed a “Piercing Line” pattern on 3 Feb, this indicates a potential rebound. A positive bias may emerge above the MYR1.85 level, with an exit set below the MYR1.75 mark. Towards the upside, the immediate resistance is at the MYR2.08 level, followed by the MYR2.20 threshold.
Source: RHB Securities Research - 4 Feb 2020
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