RHB Investment Research Reports
Trading Stocks - VS Industry
rhbinvest
Publish date: Fri, 26 Apr 2024, 11:21 AM
rhbinvest
0 4,566
An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
VS Industry is poised to continue the bullish trajectory after it broke past the key resistance on high volume. The counter has breached the MYR0.92 resistance to form a fresh “higher high” bullish candlestick. We observe that trading volume has been increasing in tandem with the share price, showing strong bullish momentum is underway. The momentum should propel the counter towards the MYR1 mark, followed by MYR1.05. On the contrary, falling below the MYR0.84 support will set off the correction phase.
Source: RHB Securities Research - 26 Apr 2024
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