Sector: Technology

Analysed on 07/11/21

Follow up on our previous analysis on MMSV, MMSV has successfully broke the previous resistance at RM1.130. MMSV is currently trading at RM1.210, which is right below the descending trendline, with immediate support at RM1.130. Should MMSV breaks the descending trendline, it will challenge the next resistance at RM1.240.

Both EMA25 and EMA50 are trending upwards, indicating that MMSV is on an uptrend rally. Note that MMSV has been well supported at EMA25 whenever a correction happened, subsequently lead to the formation of higher lows. Investor who is interested in MMSV can take the support level as reference for entry.

Reason to Monitor: Technical Breakout, Higher Lows

--------------------------------------------------------

Follow our FB and telegram channel for more investing and trading analysis. Share it out to your friends and family!

TELEGRAM ：https://t.me/nottinvest

FB PAGE ：https://fb.com/NottInvest
--------------------------------------------------------

Cheers
NOTT INVEST 

Disclaimer: 

This content by NOTT INVEST, is in no way a solicitation or offer to buy or sell securities or investment advisory services. 

Readers should always seek the advice of an appropriately qualified professional and perform due diligence before making any investment decisions. 

We shall not be liable for any errors or inaccuracies, regardless of cause.