VisDynamics’ upside move may persist after it continued holding above the 21-day SMA line. As the 21-day SMA line has crossed above the 55-day SMA line lately, this is a positive sign. A bullish bias may emerge above the MYR0.38 level, with an exit set below the MYR0.35 threshold. Towards the upside, the immediate resistance is at MYR0.435. This is followed by the MYR0.48 level.
Source: RHB Securities Research - 24 Jul 2019
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Created by rhboskres | Aug 26, 2024