MMS Ventures shot up and formed a long white candle in its lastest session. With an RSI level above 50%, it may continue to climb above the resistance price of RM0.825. If this happens, its short-term target price will be RM0.875 followed by RM0.92. Support is anticipated at RM0.775, whereby traders may exit on a breach to avoid the risk of a further correction. Trading Call: Buy upon breakout above RM0.825
Target: RM0.875, RM0.92 (time frame: 3-6 weeks) Exit: RM0.775
Source: AmInvest Research - 5 Feb 2020
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Created by AmInvest | Nov 25, 2024