MMS Ventures BHD – MYR0.56 (Stock Code: 0113)
(Bloomberg Code: MMSV MK Equity)
above: MMSV Daily Chart (click to enlarge)
Recommendation
MMSV made a minor Wave 2 low of MYR0.175 (6 May 2014) with grossly oversold and bullish signals. Most of its positive chart signals above suggest an imminent upward rise. It is likely to break into higher territory, as it breached its key resistances in a very bullish upward Wave 3 and 5 move.
SHORT-TERM BUY (TECHNICAL) on dips for MMSV, with firmer resistances and clear upward target areas of MYR0.59,MYR0.82, MYR0.94 and MYR1.20. Stop-loss is at MYR0.45.
MMS Ventures Berhad (MMSV) is a holding company. Through subsidiaries, it manufactures industrial automation systems, designs die sets, jigs and fixtures, and develops computer software.
by MIB
