KUALA LUMPUR (Jan 20): RHB Retail Research said V.S. Industry Bhd may climb higher after posting a long white candle and hitting its new 52-week high.

In a trading stocks note today, the research house said in view that the 21-day SMA line is likely to begin turning upwards, this implies a positive outlook sentiment.

“A positive bias may emerge above the RM1.45 level, with an exit set below the RM1.38 threshold.

“Towards the upside, the immediate resistance is at the RM1.60 mark. This is followed by the RM1.72 level,” it said.