AmInvest Research Reports
Stocks on Radar - VSTECS (5162)
AmInvest
Publish date: Wed, 30 Jun 2021, 09:25 AM
AmInvest
0 9,338
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
VSTECS surged and touched the RM2.62 resistance level. With its RSI indicator pointing upwards, coupled with a higher low candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM2.71, followed by RM2.84. The downside support is marked at RM2.40. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy near RM2.62
Target: RM2.71, RM2.84 (time frame: 2-4 weeks)
Exit: RM2.40
Source: AmInvest Research - 30 Jun 2021
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