V.S. Industry broke the resistance price of RM1.22 in the latest session. With the momentum indicator RSI above 60%, it may continue to move towards the target price of RM1.30 followed by RM1.38. If it dips below RM1.22, expect a sideway consolidation again. In this case, support price is anticipated at RM1.14, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM1.22

Target: RM1.30, RM1.38 (time frame: 3-6 weeks)

Exit: RM1.14

Source: AmInvest Research - 21 Aug 2019