Rakuten Trade Research Reports

Technical View - V.S. Industry Bhd (VS, 6963)

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Publish date: Wed, 02 Jan 2019, 11:30 AM
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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

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