AmInvest Research Reports

Stock on Radar - VSTECS (VSTECS)

AmInvest
Publish date: Fri, 15 Nov 2024, 11:14 AM
AmInvest
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VSTECS (VSTECS | 5162)

Last Price: RM3.51 | Technical Call: BUY

Technical chart: VSTECS

Support 1: RM3.35Resistance 1: RM4.00
Support 2: RM3.10Resistance 2: RM4.50
Shariah Compliant: YesSector: Technology

We expect further upside for VSTECS after it recouped the previous week's losses and and left an upside gap yesterday. In view that the 20-day and 50-day EMAs are starting to turn upwards, the stock looks positive in the near term. A bullish bias may emerge above the RM3.35 level with stop-loss set at RM3.08, below the 11 Nov low. Towards the upside, near-term resistance level is seen at RM4.00, followed by RM4.50.

Entry: RM3.35-3.51

Target: RM4.00, RM4.50

Exit: RM3.08

 

Source: AmInvest Research - 15 Nov 2024

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