Rakuten Trade Research Reports
Technical View - VSTECS Bhd
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Publish date: Thu, 03 Jun 2021, 10:25 AM
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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 (VSTECS, 5162)
• VSTECS rose 4.3% or 12 sen to RM2.90 yesterday.
• VSTECS broke the resistance level of RM2.87 yesterday underpinned by higher trading volume. Share price has been trending upward, above the upward sloping moving averages lines. With yesterday’s positive breakout, buying momentum is expected to persist.
• Resistance levels are expected at RM3.05 (R1) and next at RM3.20 (R2).
• Conversely, support levels are seen at RM2.76 (S1) and RM2.68 (S2)
Source: Rakuten Research - 3 Jun 2021
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