V.S. Industry Berhad (VS) manufactures, assembles, and sell plastic molded parts and electronics parts and components such as speakers and remote controls. It also markets, distributes, and sells plastic household products. It also operates a palm oil plantation.
VS made a major daily Wave 5 low of RM1.21 on 26 September 2011, with oversold and bullish divergent signals. Furthermore, all of its positive indicators are strongly supportive of much further upside. We feel that VS will surge in the period mentioned above.
SHORT-TERM BUY (TECHNICAL) on dips for VS with its firm support areas of RM1.30 and RM1.48. The potential Wave 5 upside target areas is located at RM1.60 and RM1.80. Stop-loss is at RM1.28.
Some trading stocks that we like are: BOXPAK,
CARLSBG, IGB, F&N, GAB, JTINTER, KPJ,
LIONFIB, METROK, TM, TWSPLNT and VS.
FBM KLCI: Key Points
- VS – Inching up nicely & clearly
- FBMKLCI – Liquidate on rallies
- Weaker supports of 1,445 & 1,459
- 1,463 & 1,490 will cap the rebounds
(Information from MBB)
No comments:
Post a Comment