KUALA LUMPUR (Jan 30): RHB Retail Research said MMS Ventures Bhd may move higher after it formed a long white candle and breached above the 86.5 sen mark.

In a trading stocks note today, the research house said 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 86.5 sen level, with an exit set below the 81 sen threshold.

“Towards the upside, the immediate resistance is at the 96.5 sen mark. This is followed by the RM1.00 level,” it said.