Technical Buy - VIS (0120)

• Target Price: RM0.645, RM0.680
• Last closing price: RM0.595
• Potential return: 8.4%, 14.2%
• Support: RM0.570
• Stop Loss: RM0.545

Possible for further upside. VIS is attempting to resume its prior uptrend. Slightly improved RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.645 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.680.
However, failure to hold on to support level of RM0.570 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 4 Aug 2020

https://klse.i3investor.com/blogs/PublicInvest/2020-08-04-story-h1511528743-Technical_Buy_VIS_0120.jsp