MMS Ventures has continued to remain above MYR0.63 support in its recent trades, indicating a positive sign. Yesterday’s candle sent the stock to its 6-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.70 level, with an exit set below the MYR0.63 threshold. Towards the upside, the near-term resistance is at MYR0.80. This is followed by the MYR0.85 level. Redtone International was testing the MYR0.415 level in its latest session. A bullish bias may be present above this point with a target price of MYR0.44, followed by MYR0.465. The stock may consolidate further if it cannot breach above the MYR0.415 mark in the coming sessions. Support may be found at MYR0.36, where traders can exit upon a breach to limit the downside risk

Source: RHB Securities Research - 12 Jul 2019