Rakuten Trade Research Reports
Technical View - MMS Ventures Bhd
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Publish date: Tue, 23 Mar 2021, 04:29 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
MMS Ventures Bhd (MMSV, 0113)
• MMSV advanced 9.3% or 7.5 sen to RM0.88 yesterday.
• Share price could be at an initial phase of price reversal following the healthy retracement since Jan 2021. It has rebounded from key support line supported by higher trading volume coupled with upticks in key indicator RSI. As such, buying momentum is expected to persist and likely to drive share price higher.
• Based on Fibonacci Retracement, key resistance levels are projected at RM1.00 (R1) and RM1.17 (R2).
• On the downside, support levels are set at RM0.79 (S1) and RM0.75 (S2).
Source: Rakuten Research - 23 Mar 2021
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