RHB Investment Research Reports
Trading Stocks - VSTECS
rhbinvest
Publish date: Tue, 19 Nov 2024, 10:28 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
VSTECS is poised to continue the bullish trajectory after breaking past the resistance with strong volume. The stock has gapped up and closed above the MYR3.55 resistance, showing strong bullish momentum is in play. Riding on the momentum, it may test the next resistance at MYR3.85, followed by MYR4.15. On the other hand, a fall below the MYR3.30 support level would dent market sentiment and kickstart the correction.
Source: RHB Securities Research - 19 Nov 2024
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