RHB Retail Research: Mi Technovation may rebound higher

RHB Retail Research says Mi Technovation Bhd may rebound higher after it continued holding above the MYR2.00 support.

In a trading note, the research house says given it has formed a long white candle above the rising 21-day SMA line, this indicates a positive sign.

“An upbeat bias may emerge above the MYR2.13 level, with an exit set below the MYR2.00 mark.

“Towards the upside, the immediate resistance is at the MYR2.50 level, followed by the MYR2.73 threshold,” it says.

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