AmInvest Research Reports

Stock on Radar - VSTECS (VSTECS)

AmInvest
Publish date: Tue, 24 Dec 2024, 10:17 AM
AmInvest
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VSTECS (VSTECS | 5162)

Last Price: RM4.00 | Technical Call: BUY

Technical chart: VSTECS

Support 1: RM3.90Resistance 1: RM4.50
Support 2: RM3.60Resistance 2: RM4.80
Shariah Compliant: YesSector: Technology

VSTECS broke out from its 5-week bullish rectangle pattern yesterday, 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 persist in the near term. A bullish bias may emerge above the RM3.90 level with stop-loss set at RM3.58, below the 50-day EMA.

Towards the upside, near-term resistance level is seen at RM4.50, followed by RM4.80.

Entry: RM3.90-4.00

Target: RM4.50, RM4.80

Exit: RM3.58

 

Source: AmInvest Research - 24 Dec 2024

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