Solarvest Holdings Bhd (SLVEST, 0215)

• SLVEST ended 3.4% or 5 sen higher to RM1.53 yesterday.

• SLVEST has rebounded from recent low of RM1.40 following months of retracement from the high of RM1.95. Share price has also tested strong support at RM1.40, forming a solid base coupled with encouraging readings from key indicator RSI and MACD, we expect the buying interest to persist.

• Resistance levels are set at RM1.63 (R1) and further to RM1.72 (R2).

• Conversely, support levels are identified at RM1.50 (R1) and next at RM1.40 (S2)

Source: Rakuten Research - 30 Apr 2021