RHB Retail Research
Trading Stocks - Solarvest
Solarvest surged above the immediate resistance level of MYR1.63, with higher trading volume. We believe the shortterm consolidation is completed, and the stock is ready to extend the uptrend. The positive momentum may drive the stock towards its next hurdle near MYR1.77, followed by MYR1.86. A downside breach of the MYR1.54 support would negate this expectation, and trigger a stock price correction.
Source: RHB Securities Research - 7 Dec 2020
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