V.S. Industry leapt above the resistance level of RM1.18 in the latest session. With the momentum indicator RSI above 65%, it may continue to move towards the near-term target price of RM1.25. If it dips below RM1.18, expect a sideway consolidation again.On the downside, support level is anticipated at RM1.12, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM1.18

Target: RM1.25 (time frame: 3-6 weeks)

Exit: RM1.12

Source: AmInvest Research - 4 Jul 2019