V.S. Industry may trend higher after it surged to a 4-month high and closed above the RM0.95 resistance yesterday. In view that the 20-day and 50-day EMAs are starting to turn upwards, a positive outlook can be expected here. A bullish bias may emerge above the RM0.95 level, with a stop-loss set at RM0.88, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM1.05, followed by RM1.10.

Entry : RM0.95–0.98

Target : RM1.05, RM1.10

Exit : RM0.88

Source: AmInvest Research - 31 Jan 2023