Rakuten Trade Research Reports
Technical View - VisDynamics Holdings Bhd
rakutentrade
Publish date: Mon, 22 Mar 2021, 04:13 PM
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To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
VisDynamics Holdings Bhd (VIS, 0120)
• VIS closed 1.5% or 2 sen higher to RM1.32 last Friday.
• Last Friday’s price action suggests strong share price pick up as it rebounded strongly from intra day low of RM1.25. Chart-wise, share price formed a healthy pull back from the high of RM1.74 to current level. Such renewed buying interest should see share price likely to move higher.
• From here, key resistance levels are expected at RM1.38 (R1) and further to RM1.74 (R2).
• On the downside, support levels are set at RM1.19 (S1) and RM1.12 (S2).
Source: Rakuten Research - 22 Mar 2021
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