RHB Retail Research
Technical Analysis - MMS Ventures
MMS Ventures
MMS Ventures may climb higher after posting a long white candle and leaving an upside gap. This can be viewed as a continuation of the bulls extending the rebound from 31 Jul’s “Hammer” pattern. A bullish bias may emerge above the MYR1.53 level, with an exit set below the MYR1.41 threshold. Towards the upside, the immediate resistance is at MYR1.67. This is followed by the MYR1.78 level.
Source: RHB Securities Research - 9 Aug 2018
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