Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Wed, 13 Jan 2021, 6:07 PM


Technical View- V.S. Industry Bhd

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V.S. Industry Bhd (6963)

• VS ended 5.5% or 13 sen higher to RM2.50 yesterday.

• Share price formed a bullish breakout with higher volume during the second session yesterday. Besides, key indicator is displaying positive sign given the uptick in the momentum indicator, as such we expect the positive move to continue.

• From here, resistance levels are identified at RM2.67 (R1) and RM2.79 (R2) level.

• On the downside, support levels are expected at RM2.30 (S1) and RM2.13 (S2).

Source: Rakuten Research - 13 Jan 2021

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Chart Stock Name Last Change Volume 
VS 2.95 -0.05 (1.67%) 11,255,300 

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