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