V.S. Industry has been testing the RM1.05 resistance level for the past few sessions. With a healthy RSI level, it may move above this level with a target price of RM1.18. Meanwhile, it may continue trending sideways if it fails to breach the RM1.05 mark in the near term. In this case, the support level is anticipated at RM0.98 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.05

Target: RM1.18 (time frame: 3-6 weeks)

Exit: RM0.98

Source: AmInvest Research - 18 Jun 2019