V.S. Industry (6963) V.S. Industry is moving sideways, testing the RM1.47 resistance level. With its RSI indicator in an uptrend, coupled with a higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM1.53 and RM1.57. The downside support is projected at RM1.37. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM1.47

Target: RM1.53, RM1.57 (time frame: 2-4 weeks)

Exit: RM1.37
 

Source: AmInvest Research - 23 Sept 2021