Solution Group Bhd (SOLUTN, 0093)

• 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