V.S. Industry broke past the RM1.11 resistance level. During its last session, we saw it forming bullish white candle with the RSI indicator pointing upwards, we believe that it will continue travels towards the next technical target prices of RM1.16 followed by RM1.22. In this case, the downside support is marked at RM1.04, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on pullback RM1.11

Target: RM1.16, RM1.22 (time frame: 2-4 weeks)

Exit: RM1.04

Source: AmInvest Research - 14 Jul 2020