Rakuten Trade Research Reports

Technical View - Solarvest Holdings Bhd

rakutentrade
Publish date: Tue, 16 Apr 2024, 10:35 AM
rakutentrade
0 1,886
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

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 Bhd (SLVEST, 0215)

  • SLVEST may extend it upward trajectory after breaking out from its ten-week ascending trianglepattern to surpass the immediate resistance at RM1.58. In view of the stock hitting a 52 week high with a white marubozu candlestick yesterday, coupled with the supportive technical reading in RSI and improving EMAs, it may see additional strength in the coming sessions.
  • We expect the rising momentum to steer the stock higher and test the next level of resistance ofRM1.70 (R1), followed by RM1.85 (R2).
  • On the downside, stop-loss is set at RM1.35, below 29 Jan’s low.
  • Fundamentally, Bandar Utama City Centre has enlisted Solarvest to install the largest solar powersystem in Malaysia at the 1 Utama Shopping Centre. This initiative covers 273,300sqft and will generate over 5,700KW peak of renewable energy. Additionally, Solarvest's tender book in Malaysia has surged from 1.6GW to 2.8GW, signalling a significant milestone in the company's growth trajectory.

Source: Rakuten Research - 16 Apr 2024

To sign up for an account: http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity: http://bit.ly/3I5Jzxo

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment