Mi Technovation is surging higher on the back of higher trading volume. With the increasing of buying interest, the stock is poised to see the resumption of uptrend. Bullish bias appear above immediate resistance level at MYR4.08. We believe the bullish momentum will propel the stock towards next resistance level at MYR4.35, followed by MYR4.60. This positive expectation should remain valid, provided the MYR3.83 support does not breached.

Source: RHB Securities Research - 24 Dec 2020