RHB Retail Research
Trading Stocks - VS Industry
VS Industry is poised to rebound higher as it bounced off above 21-day average line in its attempt to breach the immediate resistance of MYR1.62. If the bullish momentum re-emerges to breach the immediate resistance – forming a “higher high” bullish pattern – the bulls may drive the stock towards the MYR1.68 resistance, followed by the MYR1.72 resistance. Conversely, falling below the MYR1.52 support level will cancel this expectation.
Source: RHB Securities Research - 5 Nov 2021
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