AmInvest Research Reports

Stock on Radar - VSTECS (VSTECS)

AmInvest
Publish date: Mon, 02 Dec 2024, 09:14 AM
AmInvest
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VSTECS (VSTECS | 5162)

Last Price: RM3.88 | Technical Call: BUY

Technical chart: VSTECS

Support 1: RM3.80Resistance 1: RM4.20
Support 2: RM3.60Resistance 2: RM4.50
Shariah Compliant: YesSector: Technology

VSTECS broke out from its 2-week bullish flag pattern on Friday, implying that its previous uptrend may have resumed. With the

20-day EMA remaining above the 50-day EMA since the bullish crossover in early November, the uptrend may continue in the near term. A bullish bias may emerge above the RM3.80 level with stop-loss set at RM3.58, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM4.20, followed by RM4.50.

Entry: RM3.80-3.88

Target: RM4.20, RM4.50

Exit: RM3.58

 

Source: AmInvest Research - 2 Dec 2024

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