RHB Retail Research
Trading Stocks - Mi Technovation
Mi Technovation’s buying momentum may have returned after it rose above the 21-day SMA line. Yesterday’s white candle has engulfed the prior one to form a “Bullish Engulfing” pattern, implying a potential rebound. An upbeat bias may emerge above the MYR2.47 level, with an exit set below the MYR2.24 mark. Towards the upside, the immediate resistance is at the MYR2.96 level, followed by the MYR3.20 threshold.
Source: RHB Securities Research - 11 Mar 2020
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