KUALA LUMPUR (Nov 6): RHB Retail Research said MMS Ventures Bhd may rise higher after forming a long white candle and leaving an upside gap.

In a trading stocks note today, the research house said with the 21-day SMA line edging upwards, this suggests a likelihood of increasing demand in the near term.

“A positive bias may emerge above the 86 sen level, with an exit set below the 79 sen threshold.

“Towards the upside, the immediate resistance is at 94 sen. This is followed by the 96.5 sen level,” it said.