Rakuten Trade Research Reports

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

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Publish date: Fri, 12 Jul 2019, 09:32 AM
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V.S. Industry Bhd (6963)

  • VS gained 2.5% or 3 sen to RM1.22 yesterday.
  • Share price crossed above the key 200-day simple moving average yesterday on the back of higher-than-average trading volume. The positive crossing could suggest continuation of share price rally, potentially paving the way to trend higher.
  • Resistance levels are found at RM1.32 (R1) and further to RM1.52 (R2).
  • On the contrary, support levels are expected at RM1.09 (S1) and RM0.95 (S2).

Source: Rakuten Research - 12 Jul 2019

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