Solarvest Holdings continued to climb and touched the RM1.54 resistance level. With its 21-day moving averag indicator pointing upwards, coupled with a higher low candlestick pattern, there is a good chance that it woul experience a technical breakout and head towards th short-term target price of RM1.62, followed by RM1.67. The downside support is marked at RM1.41. Traders ar advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.54

Target: RM1.62, RM1.67 (time frame: 2-4 weeks)

Exit: RM1.41

Source: AmInvest Research - 3 May 2021