V.S. Industry Bhd (VS, 6963) 

• VS closed 2 sen or 2.34% lower to RM0.835 last Friday.
• Further to our technical buy report on 2 Jan 2019, share price has surged 43% to intra-day high of RM1.04. Since then, share price has retraced to RM0.835 and as such, we believe current pull back represents a good entry point for further upside.
• Should buying interests continues, resistance levels are expected at RM0.896 (R1) and RM0.910 (R2).
• Conversely, support levels can be found at RM0.700(S1) and RM0.680 (S2).

Source: Rakuten Research - 22 Jan 2019