Rakuten Trade Research Reports
Technical View - V.S. Industry Bhd (VS, 6963)
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Publish date: Thu, 14 Feb 2019, 11:29 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
V.S. Industry Bhd (6963)
- VS gained 1.5 sen or 1.66% to close at RM0.92 yesterday.
- Since our technical buy recommendation on 22 Jan 2019, share price has risen by 11.7%. We believe buying momentum is likely to continue as evidenced by the resistance breakout at RM0.895 on the back of high trading volume.
- Should it able to breach RM 1.00, resistance levels are expected at RM1.04 (R1) and further to RM1.10 (R2).
- Meanwhile, support levels can be found at RM0.775 (S1) and RM0.700 (S2).
Source: Rakuten Research - 14 Feb 2019
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