RHB Retail Research
Trading Stocks - MI Technovation
MI Technovation is expected to complete the correction phase after it bounced off the support level, forming a “higher low” yesterday. A bullish bias is expected to emerge above MYR4.14, and the positive momentum may drive it towards the next resistance of MYR4.40, followed by MYR4.70. If the support level of MYR4.04 is breached – breaching below 21 day SMA line – this expectation will be voided.
Source: RHB Securities Research - 9 Apr 2021
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