V.S. Industry Bhd (VS, 6963) 

• VS closed 1 sen or 1.4% higher to RM0.73 on Monday.

• Share price has shown signs of recovery since the recent 44% plunge from RM1.17 to RM0.655. Technically, key indicators such as RSI and Stochastic are signalling an oversold position hence suggesting a buying opportunity.

• Should buying interests continues, resistance levels are expected at RM0.77 (R1) and RM0.82 (R2).

• Conversely, support levels can be found at RM0.68(S1) and RM0.63 (S2).

Source: Rakuten Research - 2 Jan 2019