Sector: Technology

Analysed on 19/09/21

MMSV did well this week with a breakout from the descending trendline as shown in the chart. MMSV is currently trading at RM1.100, with immediate support at RM1.060 and immediate resistance at RM1.130. Should MMSV continue to stay above the descending trendline, it will challenge RM1.130 in the near future.

Overall, MMSV looks strong with both EMA25 and EMA50 sloping upwards, indicating an uptrend rally. As mentioned in our last analysis on MMSV, we are confident of MMSV future growth in mid and long term due to the strong growth in global semiconductor industry, and this is aligned with an article featuring in the recent The Edge Weekly that covered on the prospects of ATE companies in Malaysia. Investor who is interested in MMSV could take EMA25 or support level as reference for entry point.

Reason to Monitor: Technical Breakout / Good Prospect

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NOTT INVEST 

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