VisDynamics’ upside move may persist after it continued holding above the 21-day SMA line. This line has crossed above the 55-day SMA line recently, which has enhanced the buying momentum. A bullish bias may appear above the MYR0.44 level, with an exit set below the MYR0.37 threshold. Towards the upside, the near-term resistance is at MYR0.52. This is followed by the MYR0.56 level.
Source: RHB Securities Research - 29 Jun 2018
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Created by rhboskres | Aug 26, 2024