MMSV poised to extend upside movement, says RHB Retail Research
KUALA LUMPUR (Aug 26): RHB Retail Research said MMS Ventures Bhd (MMSV) is poised to extend its upside movement.
In a trading stocks note on Friday (Aug 26), the research house said that the stock has broken past the 84.5 sen resistance level on strong volume.
It said the latest bullish breakout showed that the bulls remain in control.
“The positive momentum should propel it towards the next resistance pegged at 90 sen, followed by 95 sen.
“On the flip side, a fall below the 80 sen support level would signify that the correction phase has started,” it said.
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