RHB Retail Research
Trading Stocks (mid-day) - Mi Technovation
At the time of writing, Mi Technovation was testing the MYR2.37 resistance. If the price breaks out, a bullish bias may be present above this point with a target price of MYR2.55, followed by MYR2.73. The stock may take a breather if it cannot breach above the MYR2.37 mark in the near term. Support may be found at MYR2.16, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 12 May 2020
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