V.S. Industry Bhd (6963)

• VS closed 6.9% or 13 sen higher to RM2.01 yesterday.

• Chart-wise, past trading sessions shown a strong rebound from the low of RM1.75 level indicating a sustained level of buying momentum on the share price. Additionally, the recent upticks movement in RSI also added encouraging sign on the upward momentum hence share price is likely to trend higher.

• As such, resistance levels are expected at RM2.13 (R1) and RM2.30 (R2).

• Conversely, support levels are seen at RM1.84 (S1) and RM1.60 (S2).

Source: Rakuten Research - 15 Sept 2020