MI Technovation is set to extend its upside movement after staging a breakout from the key resistance of MYR1.94 with surging trading volume yesterday.
RHB Retail Research in a note today (Jan 23) said riding on the momentum, the stock should test the next resistance pegged at MYR2.45,
followed by the MYR2.80 mark.
If the stock falls below the MYR1.84 support, this will negate the bullish setup.
Wellcall Holdings is eyeing for a technical breakout after bouncing off the 21-day SMA line, heading towards the RM1.75
immediate resistance yesterday.
If a breakout above that level happens, indicating a “higher high” bullish structure, the stock may surge towards RM1.90, followed by the RM2 mark.
On the other hand, falling below the MYR1.63 support will kick off the correction phase.
