V.S. Industry jumped and touched the RM1.62 resistance level. With the momentum indicator RSI pointing upwards, coupled with higher trading volume, we see that there is a possibility it will experience a technical breakout. If this happens, expect it to travel towards the short-term target prices of RM1.72 and RM1.82. The downside support is anticipated at RM1.50, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.62
Target: RM1.72, RM1.82 (time frame: 2-4 weeks)
Exit: RM1.50

Source: AmInvest Research - 14 Aug 2020