Rakuten Trade Research Reports
Technical View - MMS Ventures Bhd
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Publish date: Thu, 28 Oct 2021, 09:21 AM
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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)
• Share price closed 3.64% higher at RM1.14 on Wednesday.
• MMSV has been trending higher with higher lows shown since 5 Oct. Yesterday, it has shown some buying interest and formed a bullish engulfing pattern.
• The share price is now trading above all key moving averages. Backed by upticks in its indicators, the share price is poised to move higher.
• Resistance levels are identified at RM1.18 (R1) and RM1.29 (R2).
• On the flipside, support levels are pegged at RM1.10 (S1) and RM1.06 (S2).
Source: Rakuten Research - 28 Oct 2021
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