Rakuten Trade Research Reports
Technical View - V.S. Industry Bhd (VS, 6963)
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Publish date: Tue, 05 Mar 2019, 09:50 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/
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
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
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