Rakuten Trade Research Reports
Technical View - VSTECS Bhd
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Publish date: Mon, 18 Jan 2021, 06:23 PM
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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
VSTECS Bhd (5162)
• VSTECS rose 3.9% or 8 sen to RM2.16 last Friday.
• Recent move sent the price to form a series of resistance breakout accompanied by higher trading volume after a short period of consolidation. With share price now supported above key moving average line and should the buying momentum continue, we expect share price to go higher.
• As such, resistance levels are seen at RM2.27 (R1) and RM2.40 (R2) level.
• On the downside, support levels are set at RM2.00 (S1) and RM1.91 (S2).
Source: Rakuten Research - 18 Jan 2021
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