VSTECS is set to rise higher after it bounced off from the recent pullback while moving past the MYR1.41 resistance – drawing a “higher high” bullish pattern with a long white candlestick. The positive momentum above that level is expected to persist until it reaches the MYR1.50 recent high, which may then mark its new high of MYR1.60. Conversely, falling below the MYR1.32 support – below the 21-day average line – will nullify this expectation.

Source: RHB Securities Research - 6 Oct 2021