Solarvest Holdings Bhd (0215)

• SLVEST closed 4.1% or 8 sen higher to RM2.02 yesterday.

• Chart wise, share price uptrend is intact supported by the upward sloping moving average lines. Besides, key momentum indicators are displaying positive signal suggesting stronger buying momentum hence we expect the upward strength to persist.

• As such, resistance levels are identified at RM2.14 (R1) and RM2.20 (R2) level.

• On the downside, support levels are expected at RM1.89 (S1) and RM1.72 (S2).

Source: Rakuten Research - 19 Jan 2021