VisDynamics rises 3.57% on positive technical outlook

VisDynamics rises 3.57% on positive technical outlook
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KUALA LUMPUR (Jan 24): Shares in VisDynamics Holdings Bhd rose 3.57% at mid-morning today, following a positive technical outlook on the stock.

At 10.02am, VisDynamics rose 2.5 sen to 72.5 sen, valuing it at RM122.74 million.

In a trading stocks note today, RHB Retail Research said VisDynamics may rise higher after forming a white candle and leaving an upside gap.

The research house said yesterday's candle sent the stock to its new 52-week high, thereby enhancing the bullish sentiment.

"A positive bias may emerge above the 67 sen level, with an exit set below the 61.5 sen threshold.

"Towards the upside, the immediate resistance is at 77.5 sen. This is followed by the 80 sen level," it said.