V.S Industry is in the midst of extending its upward movement as it attempted to surpass the resistance on improved volume yesterday. If it manages to breach above the immediate resistance of MYR1.42, the bullish momentum may pick up pace above the 21-day SMA line to propel the stock towards the next resistance level of MYR1.51, and subsequently MYR1.56. Conversely, if the stock falls below the MYR1.30 support level (ie below the 21-day SMA line), the anticipation should disperse.

Source: RHB Securities Research - 16 Jun 2021