KUALA LUMPUR (Dec 29): RHB Retail Research said MMS Ventures Bhd is in the process of rebounding further, as it bounced towards the consolidation phase of RM1.08 yesterday – printing a “White Marubozu” candlestick.

In a trading stocks note today, the research house said if the stock pushes past that level, buying pressure should continue to propel the stock towards the resistance of RM1.14, followed by RM1.23.

“If it falls below the RM1.04 support, the momentum may be reversed – beneath the 21-day average line,” it said.