Solution Group Bhd (SOLUTN, 0093)

• Share price closed 16.4% higher at RM0.64 on Monday.

• SOLUTN broke out from the symmetrical triangle with higher buying volume yesterday. Hence, it has closed above all its key moving averages.

• Backed by uptick in its indicators and buying interest seen last trading hour yesterday, the share price is poised to move higher.

• Resistance levels are identified at RM0.72 (R1) and RM0.91 (R2).

• On the flipside, support levels are pegged at RM0.56 (S1) and RM0.45 (S2).

Source: Rakuten Research - 30 Nov 2021