The current price is at 1.15, there is a very strong resistance at 1.16. But once it breaks the resistance, it could increase and reach the next resistance at 1.27 where we can take profit. When big volume comes in and break the resistance, there is our entry point. On the other hand, if it cannot breaks the resistance, it may retrace to the support area at 1.10....
Trading Ideas VS Industry
Breakout Level : 1.100
PB Zone 0.96 to 1.03
S1 : 1.02
S2 : 0.960
if Above 1.100
Short term TP at 1.160
Swing TP1 1.210
Swing TP2 1.280
if maintain above 1.280
Mid Term TP 1.480
On Current Situation as at 12/4/2019 . Noted tha as annouce by Bursa Malaysia ref : www.bursamalaysia.com
as follow :
Second interim...
Weakness in the chart:
1. Testing the resistance (Up-Thrust)
2. Average volume
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Weakness in the chart:
1. Big gap with high volume sell-off
2. Up-thrust with high volume
3. Upbars with average volume
Send us your preference stock to review based on TradeVSA chart by comment at below.
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before...
Notwithstanding the weaker financial performance and negative outlook on its current year prospect, I feel that VS deserves to be rated as a HOLD based on sharply lower share price and reasonable valuation.
currently, it is struggling to break resistance rm3.17 after several attempt.
if it does not manage to break the resistance, potentially a correction would occur
support 1 at rm2.97 and support 2 at 2.76
My target price is RM4.4
Good FA should be a factor to think about this company.
Laburlah's Daily Complimentary (12-MAR, Monday):
VS
Technical Analysis Breakdown
1. Trend: Bearish
2. RSI & Stochastic: Bearish
3. Bollinger band: Widening, bearish-mode
4. Support 1: 2.51
5. Support 2: 2.30
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