MMSV

Sector: Technology

Analysed on 15/08/2021

MMSV retraced from its recent peak at RM 1.150 and closed at RM 0.985 on last Friday. This retracement could be due to political instability and profit taking by traders. MMSV is currently trading below EMA25, indicating that the recent upward momentum has turned weak. With the strong growth in global semiconductor industry, we are still confident of MMSV prospects in mid and long term. However, in view that the current market is extremely volatile, investors are advised to exercise cautiously should MMSV drops below EMA50.

Reason to Monitor: Retracement to Support Level.

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