Solarvest broke out from a 3-week bullish rectangle pattern yesterday, implying that its previous uptrend may have resumed. The stock also posted 2 white candles in a row and hit a new 52-week high, likely suggesting that upward momentum is picking up further. A bullish bias may emerge above the RM1.50 level with stop-loss set at RM1.38, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM1.70, followed by RM1.80.

Entry : RM1.50–1.55

Target : RM1.70, RM1.80

Exit : RM1.38

Source: AmInvest Research - 5 Mar 2024