Rakuten Trade Research Reports
Technical View - Solarvest Holdings Bhd (SLVEST, 0215)
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Publish date: Wed, 04 Aug 2021, 03:45 PM
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
• SLVEST ended 3.7% or 5 sen higher to RM1.41 yesterday.
• SLVEST formed a minor pullback from the high of RM1.48 and share price seems to be well supported above the RM1.34 level after the positive rebound today. We expect share price to regain its buying momentum supported by healthy level of trading volume, and potentially testing above the RM1.50 level.
• Resistance levels are anticipated at RM1.48 (R1) and next at RM1.56 (R2).
• On the contrary, support levels are pegged at RM1.34 (S1) and RM1.25 (S2).
Source: Rakuten Research - 4 Aug 2021
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