Stock Picks Of The Day – VS Industry, Hiap Teck Ventures

VS Industry is attempting to extend its upside movement after climbing above the consolidated resistance zone.

RHB Research, in a note today (Aug 21), said the stock has breached above the MYR0.92 resistance, signifying that the consolidation phase has ended.

If the momentum sustains, the stock will scale towards the MYR1 mark, followed by MYR1.07.

Towards the downside, falling below the MYR0.87 support will negate the bullish setup.

Hiap Teck Ventures is poised to travel higher after it broke past the key resistance.

RHB observed that the stock has climbed above the MYR0.40 resistance with high volume and the bullish setup is confirmed.

Riding on the strong momentum, it should test the next resistance pegged at MYR0.435, followed by MYR0.47.

On the other hand, falling below the MYR0.365 support will kick off the correction phase.

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