Solarvest Holdings surged and touched the RM1.40 resistance level. With its RSI indicator moving upward, coupled with a bullish candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM1.45, followed by RM1.50. The downside support is marked at RM1.30. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM1.40

Target: RM1.45, RM1.50 (time frame: 2-4 weeks)

Exit: RM1.30
 

Source: AmInvest Research - 21 Oct 2021