MMS Ventures may rebound higher, says RHB Retail Research

TheEdge Fri, Jan 24, 2020 08:01am - 4 years View Original


KUALA LUMPUR (Jan 24): RHB Retail Research said MMS Ventures Bhd may rebound higher after it continued holding above the 80 sen support.

In a trading stocks note today, the research house said given that the stock has formed a “Bullish Harami” pattern on Jan 23, this indicates a potential rebound.

“A positive bias may emerge above the 82 sen level, with an exit set below the 80 sen mark.

“Towards the upside, the immediate resistance is at the 86.5 sen level, followed by the 90.5 sen threshold,” it said.

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