Vstecs jumped above the RM1.80 resistance level in its latest session. With an RSI level pointing above 60%, the bullish momentum may continue to reach target prices of RM1.15 and RM1.19. Meanwhile, it may drift sideways if it drops below RM1.08 level. In this case, the immediate support is anticipated at RM1.04, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM1.08

Target: RM1.15, RM1.19 (time frame: 3-6 weeks)

Exit: RM1.04

Source: AmInvest Research - 9 Aug 2019