MMSV spotted in pennant formation and bearish cypher harmonic pattern where a probable swing trade can be taken from within the pennant support line, which also happens to be the fibo1.130 of cypher, up to Point D.
MMS Ventures rose and hit the RM 1.08 resistance level. With its 21-day moving average in an uptrend, coupled with a high a higher trading volume, there is a good change that it would experience a technical breakout and head towards the short-term target price of RM 1.12, followed by RM 1.15.
The downside support is marked at RM 1.03. Traders are advised to exit...
MACD and OBV charts indicate an uptrend pattern with a high probability of a strong uptrend pattern. Will the price continue with the momentum and register the next 52 weeks higher? Changes are high. Put MMSV in your WL and watch out for significant price movement with volume.
R 1.240
S 1.050
Huge base (>200 days) VCP setup in MMSV which formed few major contraction below:
C1: -44%
C2: -21%
C3: -22%
C4: -7%
Recent volume since Aug looking good showing demand start to come in!
Disclaimer:
Not a buy call, technical analysis sharing base on chart pattern and technical indicator. Trade at your own risk.
A significant price movement together with consistent and continuous volume above MA20 on daily trade. A good signal MMSV is on the right track for an Uptrend Pattern.
To place a bid, using VWAP as a guideline and place your bid below the VWAP line.
R 1.440
S 1.125
Involved in the design and manufacture of LED and Semiconductor Industrial Automation Systems and Machinery. The business activity of the group is functioned through Manufacture of Automated Systems and Machinery, and Development of Software segments. Geographically, the business presence of the firm is seen across the region of Asia, the United States, Europe,...
Since MMSV announced bad QR its price keep dropping until today.
Price seem stable and someone is keep collecting back shares at RM0.95/RM0.955
Looking for downtrend reversal play.
If market sentiment getting better with tech stock. MMSV could easily hit RM1 or even higher
MMSV formed a VCP for a period of 24 weeks. Price has been side way for the past 4 months between 0.80 -1.05 . Price was moving around 0.955 after the first break out ( as indicated with red arrow) with some volume coming in. Looking forward price to break down trend line soon .
