RHB Retail Research
Trading Stocks - VS Industry
VS Industry tested the immediate resistance level marked at MYR2.75. The stock, which has been moving on an uptrend since crossing the 21-day SMA line, took a breather recently. If the breakout is successful, we expect the uptrend to resume with the next resistance level pegged at MYR2.90, followed by MYR3.05. This positive expectation should remain valid, provided the MYR2.60 support is not breached.
Source: RHB Securities Research - 2 Feb 2021
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