Rakuten Trade Research Reports
Technical View - MMS Ventures Bhd
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Publish date: Mon, 20 Sep 2021, 02:10 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 closed unchanged at RM1.10 on Friday.
- MMSV uptrend line is steep and is trading in a symmetrical triangle, awaiting for breakout. MMSV also managed to stay above all its key moving averages.
- Buying momentum is set to resume along with cup and handle pattern accompanied by upticks in indicators, hence MMSV is poised to move higher.
- Resistance levels are identified at RM1.15 (R1) and RM1.26 (R2).
- On the flipside, support levels are pegged at RM1.02 (S1) and RM1.06 (S2).
Source: Rakuten Research - 20 Sept 2021
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