AmInvest Research Reports
Stocks on Radar - Mi Technovation (5286)
AmInvest
Publish date: Wed, 13 Jan 2021, 08:32 AM
AmInvest
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Mi Technovation consolidated and is poised to reach the RM3.99 resistance level. With its RSI indicator in an uptrend, coupled with higher trading volume, there is a good chance it will break out and head towards the shortterm target price of RM4.13, followed by RM4.35. The downside support is marked at RM3.79. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM3.99
Target: RM4.13, RM4.35 (time frame: 2-4 weeks)
Exit: RM3.79
Source: AmInvest Research - 13 Jan 2021
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