V.S. Industry surged past the resistance level of RM2.03 after three weeks of consolidations. Coupled with high trading volume, we think that the positive momentum may continue to propel the share price towards MYR2.25 and MY2.35. This positive expectation would remain valid, provided the MYR1.90 support does not fail.
Source: RHB Securities Research - 28 Sept 2020
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