Rakuten Trade Research Reports
Technical View - MMS Venture Bhd
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Publish date: Wed, 24 Nov 2021, 10:58 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 Venture Bhd (MMSV, 0113)
• Share price closed unchanged at RM1.07 on Tuesday.
• MMSV had trended higher from its recent price weakness and we believe the stock has found its support at its MA200 line which has been tested few times.
• Backed by outstanding quarter results announcement and 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 RM1.06 (S1) and RM1.02 (S2).
Source: Rakuten Research - 24 Nov 2021
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