MMS Ventures has rebounded from its low to test the immediate resistance level of RM0.765. Higher trading volume was recorded in the latest session. With the momentum indicator RSI above 50%, there is a possibility it will break above RM0.765 and move towards the target prices of RM0.805 and RM0.855. The immediate support is anticipated at RM0.70, whereby traders may exit on a breach to avoid the risk of a further consolidation. Trading Call: Buy upon breakout above RM0.765
Target: RM0.805, RM0.855 (time frame: 3-6 weeks) Exit: RM0.70
Source: AmInvest Research - 14 Jan 2020
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Created by AmInvest | Nov 25, 2024