VisDynamics’ broke out from the resistance with a higher trading volume, signalling the uptrend resumption. A bullish bias emerged above the resistance pegged at MYR0.57. With the latest price action, we think the positive momentum will drive it towards next resistance level pegged at MYR0.62, followed by MYR0.66. A downside breach of the MYR0.53 support level will nullify this expectation and lead to further share price correction.

Source: RHB Securities Research - 23 Dec 2020