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