VSTECS may be ripe for a technical rebound as the bullish momentum has been gaining traction recently. Observe that the stock has been moving sideways, showing that selling pressure is subsiding. If it breaks above MYR2.70, a bullish bias may emerge again. The next resistance is pegged at MYR2.80, followed by MYR3.00. Meanwhile, breaching the MYR2.52 support, would see the resumption of a downward movement.
Source: RHB Securities Research - 8 Jul 2021
Chart | Stock Name | Last | Change | Volume |
---|
Created by rhboskres | Aug 26, 2024