RHB Investment Research Reports
Trading Stocks - MI Technovation
rhbinvest
Publish date: Thu, 21 Dec 2023, 11:11 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
MI Technovation is set for a strong rebound after undergoing a breakout above the MYR1.83 level yesterday on improving trading volume above the 21-day SMA line. If the breakout sustains, the stock will likely advance towards the MYR1.94 recent high, followed by the next resistance at MYR2.06 – testing the high of 2023. Conversely, a drop below the MYR1.75 support would invalidate the bullish setup.
Source: RHB Securities Research - 21 Dec 2023
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