RHB Investment Research Reports
Trading Stocks - VS Industry
rhbinvest
Publish date: Tue, 19 Mar 2024, 10:41 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
VS Industry is set for an uptrend reversal after undergoing a technical rebound above the immediate resistance level of MYR0.78 yesterday, on a surge in trading volume. The bullish momentum above that level may see the stock trending upwards further towards the YTD high of MYR0.83, followed by the next resistance mark of MYR0.90. On the other hand, breaching below the MYR0.74 support would increase the risk of a correction.
Source: RHB Securities Research - 19 Mar 2024
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