V.S. Industry Bhd (6963) 

• VS closed 6 sen or 5.50% lower to RM1.03 yesterday.
• Since our technical buy report on 2 Jan 2019, share price surged 44% to a high of RM1.04 before the retracement and continued to recover more than 30% to current level after our second report dated 22 Jan 2019. As such, we believe the buying momentum is likely to persist and yesterday's pull back also offers a good buying opportunity.
• Resistance levels are expected at RM1.14 (R1) and further to RM1.18 (R2).
• Likewise, support levels can be found at RM0.955 (51) and RM0.895 (S2).

Source: Rakuten Research - 5 Mar 2019