VS Industry is eyeing to extend the rebound, testing the immediate resistance on strong volume. We observed an immediate resistance has formed at the MYR0.92 level. Meanwhile, the 21-day SMA line is pointing upwards, showing the short-term trend is bullish. If the counter breaks past the immediate resistance, it may continue the upside movement towards the MYR1 mark, followed by MYR1.10. However, a pullback below the MYR0.825 support would invalidate the positive expectation and kickstart the correction phase.
Source: RHB Securities Research - 19 May 2025
Chart | Stock | Last | Change | Volume |
---|---|---|---|---|
![]() | VS | 0.775 | -0.025 (3.13%) | 19,508,000 |
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