Visdynamics Holdings is in the midst of continuing its previous rally after bouncing off the 21-day average line on high volume, while eyeing the immediate resistance of MYR1.52. If it manages to move past the immediate resistance, the bullish momentum may propel the stock towards the MYR1.69 level, before possibly hitting the MYR1.80 threshold. However, falling below the MYR1.40 support may see the stock descending further to mark a “lower low” bearish pattern – below the average line.

Source: RHB Securities Research - 28 Oct 2021