RHB Retail Research
Trading Stocks - MI Technovation
MI Technovation staged a positive intraday price reversal after it briefly breached the 21-day SMA line. Towards the upside, should the stock manage to cross above the MYR4.00 resistance, this may be regarded as a confirmation of a rebound extension. The next resistance levels are set at MYR4.20 and MYR4.40. This bias would be nullified, if the MYR3.90 support is breached.
Source: RHB Securities Research - 18 Jan 2021
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