RHB Retail Research
Trading Stocks - VS Industry
VS Industry has been developing a minor sideways trading range around the 21-day SMA line and below the MYR2.03 resistance over the past few sessions. An upside breach of this point would signal an extension of its upward move with subsequent resistance levels set at MYR2.10 and MYR2.25. A downside breach of the MYR1.97 support would nullify this positive bias.
Source: RHB Securities Research - 24 Sept 2020
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