RHB Retail Research
Trading Stocks - Mi Technovation
Mi Technovation was testing the MYR1.70 level in recent sessions. If the price breaks out, a bullish bias may be present above this point, with a target price of MYR1.90, followed by MYR2.14. The stock may consolidate further if it cannot decisively breach above the MYR1.70 mark in the near term. Support may be found at MYR1.32, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 23 Mar 2020
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