MMS Ventures may soon test the RM0.775 resistance level. With a moderate RSI, a bullish bias may be present above this mark with target prices of RM0.85 and RM0.91. Meanwhile, it may continue moving sideways if it fails to cross RM0.775 in the near term. In this case, the immediate support is anticipated at RM0.715, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.775

Target: RM0.85, RM0.91 (time frame: 3-6 weeks)

Exit: RM0.715

Source: AmInvest Research - 24 Jul 2019