MMSV trade ideas
Buying move in MMS Ventures 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 on a breach to avoid futher losses.
Trading Call: Buy on breakout RM 1.08
Target: RM 1.12, RM 1.15 (Time frame: 2-4 weeks)
Exit: RM 1.03
Strong Uptrend Pattern!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
MMSV VCP Setup! (>200 days)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.
Soon will complete Wave 4 then to Wave 5 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, and Australia.
MMSV - Pre Consolidation BreakoutTHIS IS NOT AN INVESTMENT ADVICE. TRADE CALLS ARE NOT PROVIDED. INFORMATION SHOWN ARE FOR TECHNICAL ANALYSIS PURPOSE.
DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
Trading Idea MMSV (23/3/2021)Trading Idea MMSV (23/3/2021)
- Potential breakout.
- Buying opportunity in yellow zone.
- Target and stoploss as drawn.
Disclaimer: This trading idea is strictly intended for informational purposes only so please do your own analysis before making any investment decision.