V.S. Industry’s buying interest is back after it pushed out from the 1-week bullish flag pattern with a white candle yesterday. As the 20-day and 50-day EMAs are converging now and likely to confirm its positive crossover soon, additional upside strength may be present in the coming sessions. A bullish bias may emerge above the RM0.90 level, with a stop-loss set at RM0.86, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM1.00, followed by RM1.05.

Entry : RM0.90–0.935

Target : RM1.00, RM1.05

Exit : RM0.86

Source: AmInvest Research - 14 Dec 2022