Solarvest Holdings is showing signs for a rebound after it bounced off from bottom and broke above the immediate resistance level. Underpinned by strong volumes that lifted the stock just above the 21-day SMA line, the positive momentum is expected to sustain above the MYR1.50 resistance-turnedsupport level. The stock may move towards the next resistance mark of MYR1.63, followed by MYR1.70. However, this expectation will be nullified if it drops below the MYR1.41 support level.

Source: RHB Securities Research - 30 Apr 2021