![](/pub/blog/bl24/mm_20210920140931.png)
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).
![](/pub/blog/bl24/mm2_20210920140943.png)
Source: Rakuten Research - 20 Sept 2021