Stocks to Watch today
Buying move in MMS Ventures
filatovarthur
Publish date: Wed, 29 Dec 2021, 11:03 AM
filatovarthur
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MMS Ventures rose and hit the RM 1.08 resistance level. With its 21-day moving average in an uptrend, coupled with a high a higher trading volume, there is a good change that it would experience a technical breakout and head towards the short-term target price of RM 1.12, followed by RM 1.15.
The downside support is marked at RM 1.03. Traders are advised to exit on a breach to avoid futher losses.
Trading Call: Buy on breakout RM 1.08
Target: RM 1.12, RM 1.15 (Time frame: 2-4 weeks)
Exit: RM 1.03
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