• MMSV gained 2.4% or 1 sen to RM0.425 last Friday.
• Last Friday’s trading indicates a positive sign on renewed buying interest on the back of higher trading volume. Share price is currently oversold and we expect it to rebound towards the RM0.50 level.
• From here, resistance levels are seen at RM0.48 (R1) and further to RM0.55 (R2)
• Conversely, support levels are identified at RM0.40 (S1) and RM0.35 (S2).
Source: Rakuten Research - 30 Mar 2020
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Created by rakutentrade | Aug 23, 2024