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