RHB Retail Research
Trading Stocks - MMS Ventures
MMS Ventures may move higher after it formed a long white candle and breached above the MYR0.865 mark. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A positive bias may emerge above the MYR0.865 level, with an exit set below the MYR0.81 threshold. Towards the upside, the immediate resistance is at the MYR0.965 mark. This is followed by the MYR1.00 level.
Source: RHB Securities Research - 30 Jan 2020
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