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KUALA LUMPUR (August 8): RHB Retail Research said Mi Technovation Bhd is testing the immediate resistance with high trading volume.
In a trading stocks note today, the research house said that the stock has been moving sideways recently, while trading volume has been building up.
“If it breaks out from the immediate resistance of RM1.55, expect it to attract strong buying interest.
“In this scenario, the bullish momentum should propel the stock towards RM1.63, followed by RM1.70.
“On the other hand, falling below the RM1.45 support will nullify our expectation and set off a downward correction,” it said.
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