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PublicInvest Research

Author: PublicInvest   |   Latest post: Tue, 22 Oct 2019, 9:06 AM

 

Technical Buy - MMSV (0113)

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  • Target Price: RM0.700, RM0.770
  • Last closing price: RM0.640
  • Potential return: 9.3%, 20.3%
  • Support: RM0.600
  • Stop Loss: RM0.580

Possible for bottom fishing. Without creating new low amid market weakness, MMSV is staging potential recovery from prior downtrend. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.700 be broken, it may continue to lift price higher to subsequent resistance level of RM0.770.

However, failure to hold on to support level of RM0.600 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 19 Sept 2019

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Labels: MMSV

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Chart Stock Name Last Change Volume 
MMSV 0.84 -0.015 (1.75%) 1,635,100 

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