Sunday 05 May 2024
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KUALA LUMPUR (April 2): RHB Retail Research said VS Industry Bhd attempted to break above its immediate resistance after jumping over the 21-day simple moving average (SMA) line yesterday, on the back of strong volume.

In a trading stocks note today, the research house said the stock has been consolidating sideways with selling pressure subsiding.

“If it manages to break above the immediate resistance of RM2.93, bullish momentum may lift it towards the next RM3.13 resistance level, followed by RM3.20.

“This trading set-up would be nullified if the RM2.79 sideways consolidation’s support is breached,” it said.

 

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