We expect further upside for VisDynamics after it pushed above the RM0.90 psychological mark and hit a new 52-week high 2 weeks ago. As the stock also broke out of the 2-week bullish falling wedge pattern yesterday, it may see additional strength in the near term. A bullish bias may emerge above the RM0.96 level, with a stop-loss set at RM0.88, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM1.12, followed by RM1.20.
Entry : RM0.96–1.01
Target : RM1.12, RM1.20
Exit : RM0.88
Source: AmInvest Research - 28 Feb 2023
