V.S INDUSTRY BHD

Long

VS - Potential SOS rally in phase D with supply absorption

Updated

An up-sloping accumulation structure suggests strength.
Potential in phase D SOS rally.
Supply absorption is near completion.
Likely to see ease of movement to rally up further in phase E.
First target at 1.60 with a tight stop around 1.20.

Trade active

First round rally started. Supply level is low. Steady up-trend is expected to continue.

Note

Big spread bearish bar on 1 Oct 2019 had the character of Effort > with Result<, with a higher low formed, bullish characteristics. Mark up stage is pending.

Note

- Supply level is low.
- Pending quality demand to initiate breakout in near term.
- Expect ease of movement to rally up.

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