V.S. Industry Bhd (VS, 6963)

• VS finished 6.5% or 9 sen higher to RM1.47 yesterday.

• VS formed a positive breakout from resistance level coupled with higher trading volume yesterday. The renewed buying interested is further supported by encouraging technical indicator with likelihood to propel share price to higher levels.

• Resistance levels are expected at RM1.52 (R1) and next at RM1.57 (R2).

• For downside support, support levels are pegged at RM1.38 (S1) and RM1.34 (S2).

Source: Rakuten Research - 3 Aug 2021