VSTECS (VSTECS | 5162)
Last Price: RM3.51 | Technical Call: BUY
Support 1: RM3.35 | Resistance 1: RM4.00 |
Support 2: RM3.10 | Resistance 2: RM4.50 |
Shariah Compliant: Yes | Sector: Technology |
We expect further upside for VSTECS after it recouped the previous week's losses and and left an upside gap yesterday. In view that the 20-day and 50-day EMAs are starting to turn upwards, the stock looks positive in the near term. A bullish bias may emerge above the RM3.35 level with stop-loss set at RM3.08, below the 11 Nov low. Towards the upside, near-term resistance level is seen at RM4.00, followed by RM4.50.
Entry: RM3.35-3.51
Target: RM4.00, RM4.50
Exit: RM3.08
Source: AmInvest Research - 15 Nov 2024
Chart | Stock Name | Last | Change | Volume |
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Created by AmInvest | Dec 20, 2024
Created by AmInvest | Dec 19, 2024