RHB Retail Research
Trading Stocks - Solarvest Holdings
Solarvest Holdings is firming up its uptrend reversal as it breached above the nearest resistance level of MYR1.18 on improved trading volume last Friday. While forming a “higher high” bullish pattern above the 21-day SMA line, the positive momentum should boost the stock towards the nearest resistance of MYR1.28, then MYR1.35. If the stock falls below the MYR1.11 support, this expectation would be voided.
Source: RHB Securities Research - 26 Jul 2021
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