• SOLUTN ended 9.8% or 12 sen higher to RM1.35 yesterday.
• Recent price action implies the re-emergence of buying interest with a positive candlestick on the back of higher trading volume. The potential upward movement is reinforced by the upticks in key indicator RSI, thus potentially heading to higher level.
• Should it able to break March’s high of RM1.42, resistance levels are projected at RM1.50 (R1) and next at RM1.63 (R2).
• For downside support, support levels are identified at RM1.16 (S1) and RM1.11 (S2).
Source: Rakuten Research - 1 Jun 2021
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Created by rakutentrade | Aug 23, 2024