Solarvest Holdings Berhad (SLVEST, 0215)

• Share price closed 2.27% higher at RM0.90 on Wednesday.

• SLVEST has formed a double bottom with support at RM0.845. Although trading volume has beenlow for the past 1 month, buying interests can be seen over the past 2 trading days. As indicators are showing uptick momentum, the share price is expected to trend higher.

• Resistance levels are identified at RM0.91 (R1) and RM0.965 (R2).

• On the flipside, support levels are pegged at RM0.845 (R1) and RM0.805 (R2).

Source: Rakuten Research - 6 Apr 2023

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