AmInvest Research Reports

Author: AmInvest   |   Latest post: Tue, 25 Feb 2020, 9:18 AM


Stocks on Radar - MMS Ventures (0113)

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MMS Ventures has been range-bound during recent sessions with the immediate resistance of RM0.865. With the momentum indicator RSI above 60%, there is a possibility it will break above the resistance price and move towards the target prices of RM0.895 and RM0.93. The immediate support is anticipated at RM0.825, whereby traders may exit on a breach to avoid the risk of a further consolidation. Trading Call: Buy upon breakout above RM0.865

Target: RM0.895, RM0.93 (time frame: 3-6 weeks) Exit: RM0.825

Source: AmInvest Research - 22 Jan 2020

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Labels: MMSV

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