VSTECS (VSTECS | 5162)
Last Price: RM3.88 | Technical Call: BUY
Support 1: RM3.80 | Resistance 1: RM4.20 |
Support 2: RM3.60 | Resistance 2: RM4.50 |
Shariah Compliant: Yes | Sector: Technology |
VSTECS broke out from its 2-week bullish flag pattern on Friday, implying that its previous uptrend may have resumed. With the
20-day EMA remaining above the 50-day EMA since the bullish crossover in early November, the uptrend may continue in the near term. A bullish bias may emerge above the RM3.80 level with stop-loss set at RM3.58, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM4.20, followed by RM4.50.
Entry: RM3.80-3.88
Target: RM4.20, RM4.50
Exit: RM3.58
Source: AmInvest Research - 2 Dec 2024
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Created by AmInvest | Dec 02, 2024