Rakuten Trade Research Reports
Technical View - Solarvest Holdings Berhad
rakutentrade
Publish date: Mon, 22 Aug 2022, 12:37 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Solarvest Holdings Berhad (SLVEST, 0215)
• Share price closed 1.96% higher at RM0.78 on Friday.
• SLVEST has been rebounding from its higher low formed at RM0.73 on 16 August. Buying interests were seen for the past two trading days and share price has been trading above its MA 20 and MA 50 lines. The indicators are also showing uptick momentum, therefore share price is expected to propel higher.
• Resistance levels are identified at RM0.795 (R1) and RM0.81 (R2).
• On the flipside, support levels are pegged at RM0.675 (S1) and RM0.63 (S2).
Source: Rakuten Research - 22 Aug 2022
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