Thursday 25 Apr 2024
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KUALA LUMPUR (June 20): Visdynamics Holdings Bhd rose 7.37% at mid-morning today, following a positive technical outlook on the stock.

At 10.20am, Visdynamics rose 3.5 sen to 51 sen with 2.91 million shares done.

RHB Retail Research said Visdynamics may climb higher after forming a white candle and hitting its highest close in more than two months.

In a trading stocks note today, the research house said this upward momentum is likely to continue, given that it has posted a third consecutive white candle.

"A bullish bias may emerge above the 44.5 sen level, with an exit set below the 37 sen threshold.

"Towards the upside, the immediate resistance is at 52 sen. This is followed by the 60 sen level," it said.

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