MMS Ventures has rebounded from its low to test the immediate resistance level of RM0.64. Higher trading volume is sighted in the latest session. With a rising RSI, a bullish bias may be present above RM0.64 with target prices of RM0.68 and RM0.72. The immediate support is anticipated at RM0.60, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.64

Target: RM0.68, RM0.72 (time frame: 3-6 weeks)

Exit: RM0.60

Source: AmInvest Research - 17 Sept 2019