KUALA LUMPUR (April 26): RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume.

In a trading stocks note on Friday, the research house said that the counter has breached the 92 sen resistance to form a fresh “higher high” bullish candlestick.

“We observe that trading volume has been increasing in tandem with the share price, showing strong bullish momentum is underway.

“The momentum should propel the counter towards the RM1 mark, followed by RM1.05.

“On the contrary, falling below the 84 sen support will set off the correction phase,” it said.