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MI TECHNOVATION BERHAD

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MI trade ideas

MI - sector TECHNOLOGY may be moving upExpect a deep wave 2 retracement, but for now seems like small retracement, rebound at MA 200 Current price shows MYR 2.24 (+3.23%) with key support at MYR 2.01 and resistance at MYR 2.67. The stock has formed a bullish trend since October 2024, showing higher lows and higher highs. Technical indicators show: Price trading above both short-term and long-term moving averages, indicating bullish momentum Strong volume activity supporting recent price movements Green momentum bars in the lower indicator suggesting positive sentiment Upward trend channel formation with price respecting the lower trendline as support Key levels to watch: Immediate resistance: MYR 2.67 Current support: MYR 2.01 Price currently consolidating near MYR 2.24 The stock has recovered from its September 2024 lows and appears to be in a recovery phase with improving technical indicators. The presence of higher lows and sustained trading above moving averages suggests continued bullish sentiment in the near term. Volume analysis indicates strong participation on upward moves, lending credibility to the current recovery. Traders should watch for a potential breakout above MYR 2.67 for further upside momentum.
MYX:MILong
by pengamalgelombang
MI Technovation Trading IdeaTechnical Setup: The stock previously rebounded from both the uptrend line and the Fibonacci 0.618 retracement level, indicating strong support. However, if the uptrend line breaks, it could signal a weakening of the bullish trend. Entry Strategy: Buy MI Technovation shares in the entry zone between RM 1.74 and RM 1.90. This range offers a favorable risk-reward ratio based on historical support levels and Fibonacci analysis. Profit Taking: If the price rises to RM 2.75, take profit, as this is a potential resistance level. The upside from RM 1.90 to RM 2.75 represents a 44.7% gain. Risk Management: If the price drops below RM 1.74 or if the stock breaks the uptrend line, exit the trade to manage risk effectively. Breaking the uptrend line could signal a reversal in trend, adding to the sell rationale. Risk-to-Reward Ratio: The upside from RM 1.90 to RM 2.75 is about 44.7%. The downside risk from RM 1.90 to RM 1.74 is about 8.4%. With the potential of an uptrend line break as an additional risk factor, this strategy offers a solid risk-to-reward ratio of 1:5.3, making it a favorable setup.
MYX:MILong
by Simple13_Trading
MI : AlgoSignal reveals potential uptrend.Several indicators within my algorithmic system are signaling a potential uptrend. These include: - Increased volume: Activity is picking up, suggesting growing interest and potential momentum. - Mid- to long-term uptrend: Both the 50-day and 150-day exponential moving averages are pointing upward, indicating a sustained positive trajectory. These factors collectively point towards the possibility of an upward movement in the near future.
MYX:MILong
by FakhruddinFazil
MI Tech will complete Correction Wave then Fly TodamoonMalaysia-based company engaged in the design, development and manufacturing of wafer-level chip scale packaging (WLCSP) sorting machines with testing capabilities. The Company’s products include WLCSP die sorting machine, wafer to wafer sorting machine, and WLCSP post sawn final test machine. It provides its products to the semiconductor industry. The Company also provides maintenance services, technical support and other after sales services. Already operating two business divisions, namely, semiconductor equipment business unit (SEBU) and semiconductor material business unit (SMBU), the group plans to establish its third business unit, semiconductor manufacturing and specific process services, by 2024. The fourth business unit, technology intensive commercial products, is expected to be ready by 2026. The plan was spelled out by group CEO Oh Kuang Eng at a recent analysts’ briefing post results for the second quarter (Q2) ended June 30, 2021. According to Public Invest Research, Mi Technovation has set its sight on acquisition deals of up to US$285mil (RM1.1bil). Under the plan, the group is targeting up to US$240mil (RM1bil) worth of acquisitions in China, Taiwan and South Korea to expand the portfolio for SEBU. In addition, the group has set aside US$35mil-US$45mil (RM145mil-RM185mil) to acquire two chemical companies in the European Union and United States, which have strong exposure to automotive industry and semiconductor high-end package that can complement its newly acquired solder ball business.
MYX:MILong
by JudasVespasian
MI - Pre Consolidation BreakoutTHIS IS NOT AN INVESTMENT ADVICE. TRADE CALLS ARE NOT PROVIDED. INFORMATION SHOWN ARE FOR TECHNICAL ANALYSIS PURPOSE. DISCLAIMER Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
MYX:MILong
by DrArifMokhtar
1
MI - Pre Consolidation BreakoutPre Consolidation Breakout Setup. NO INVESTMENT ADVICE IS PROVIDED DISCLAIMER Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
MYX:MILong
by AMTechAnalysis