VS Industry Bhd
(code: 6963) has been biding its time in consolidation mode at multi-year highs since coming off a peak in October.
It is currently trading along the short-term 14- and 21-day simple moving averages (SMAs) and continues to look bullish.
The range-bound motion looks set to continue for a while more but with the rising moving averages offering lift below the share price, it appears to be a matter of time before the stock breaks higher to resume its uptrend.
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