KUALA LUMPUR (Oct 2): RHB Retail Research said Mi Technovation Bhd may rebound higher after it continued holding above the RM2.05 support.
In a trading stocks note today, the research house said given that the stock has formed a “Bullish Harami” pattern on 24 Sep, this indicates a potential rebound.
“A positive bias may emerge above the RM2.05 level, with an exit set below the RM2.05 threshold.
“Towards the upside, the immediate resistance is at the RM2.25 level. This is followed by the RM2.33 threshold,” it said.