VS Industry is poised to resume its uptrend as it climbed higher and eyed the immediate resistance point of MYR0.95 yesterday. If it manages to breach above that level – forming a “higher high” bullish pattern - the bullish bias above that may push the stock higher towards the MYR1.00 psychological level, followed by MYR1.05 next – the highest level since 13 Sep. Conversely, the stock may reverse direction towards the average line if it falls below the MYR0.895 support, forming a “lower low” bearish structure beneath the average line.

Source: RHB Securities Research - 14 Dec 2022