VS Industry is eyeing to stage a counter-trend rebound, testing the immediate resistance on strong volume. The stock has charted a bullish candlestick, showing that the positive momentum is picking up pace again. If it breaks past the MYR1.06 resistance, this will accelerate the bullish momentum. In this case, the counter should climb towards MYR1.12, followed by the MYR1.20 mark. On the other hand, breaching below the MYR1 support resumes the correction phase.

Source: RHB Securities Research - 30 Sept 2024