Solution Group is set to propel upwards as it broke above the immediate resistance on strong volume last Friday – printing a long white candlestick amid the “higher high” bullish pattern. If the bullish momentum above that level persists, the stock may climb towards the next resistance level at MYR0.625, followed by MYR0.725. However, the momentum may lose steam if it falls below the MYR0.515 support – beneath the 21-day average line.
Source: RHB Securities Research - 21 Feb 2022
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Created by rhboskres | Aug 26, 2024