AmInvest Research Reports

Stock on Radar - VSTECS (VSTECS)

AmInvest
Publish date: Tue, 24 Dec 2024, 10:17 AM
AmInvest
0 9,472
An official blog in I3investor to publish research reports provided by AmInvest research team.

All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

VSTECS (VSTECS | 5162)

Last Price: RM4.00 | Technical Call: BUY

Technical chart: VSTECS

Support 1: RM3.90Resistance 1: RM4.50
Support 2: RM3.60Resistance 2: RM4.80
Shariah Compliant: YesSector: Technology

VSTECS broke out from its 5-week bullish rectangle pattern yesterday, 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 persist in the near term. A bullish bias may emerge above the RM3.90 level with stop-loss set at RM3.58, below the 50-day EMA.

Towards the upside, near-term resistance level is seen at RM4.50, followed by RM4.80.

Entry: RM3.90-4.00

Target: RM4.50, RM4.80

Exit: RM3.58

 

Source: AmInvest Research - 24 Dec 2024

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment