VS (6963)

VS has demonstrate a resistance breakout of its major resistance of 1.56 today with convincingly high volume

reinforcing the bullishness in the recent price movement;  which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.

It is interesting to note that VS closed at the day’s high of 1.59 which is also the ALL TIME HIGH after the price adjustment recently on completion of the corporate exercise. Given a good market sentiment today we can expect the price of 1.65 should be achievable today forthwith looking at 1.80 to 2.00 upon the announcement of the ex-date of the forthcoming Bonus Issue of Warrants.

52-week range : 1.23  – 6.50 (Pre-Adjusted Price)

1-week   range : 1.48  – 1.59 (Record High)

GESHEN (7197)

GESHEN has seen the recent upward movement has pushed the price to be quite far from the support level of 1.10.

It has demonstrate a meteoric rise from the year’s low of 0.43 to 1.35 (today’s closing). Could we see another record close today?

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52-week range : 0.455 – 1.350

1-week   range : 1.080 – 1.350 (Record High)

The immediate resistance is now pegged at 0.93

52-week range : 0.355 – 0.93

1-week   range : 0.575 – 0.705