VisDynamics formed a long white candle, indicating that the momentum of buying could be strong. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR0.58 level, with an exit set below the MYR0.53 threshold. Towards the upside, the immediate resistance is at MYR0.70. This is followed by the MYR0.775 level.
Source: RHB Securities Research - 10 Jan 2020
Created by rhboskres | Aug 26, 2024