KUALA LUMPUR: V.S Industry Bhd
, which has been on an uptrend, rose in early trade Wednesday.
The integrated EMS player added 1.23%, or two sen to RM1.64 with over 1.3 million shares traded at 9.29am. The counter has fallen about 24% so far this year.
RHB Retail Research said V.S Industry is poised for a rebound from the recent pullback, after it bounced off the immediate support recently – forming a “higher low” bullish pattern.
“If it manages to breach the recent all-time high of RM1.73, the momentum is expected to propel the stock towards the uncharted territory of RM1.90, before reaching the RM2.00 psychological resistance.
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