HI Gillian Tan, thanks for your contribution.

Unfortunately I disagree with your theory, as it has been clearly stated that the current LSS4 tenders will not be solely large contracts but will in fact be broken up into different smaller sizes.

I took another look at the chart and MAYBE 9.90 is a possibility today or tomorrow. One thing about this current downtrend is that has been relatively slow. Current trend started on December 16 and the stock has lost around 80 cents, giving an average of 3.3 cents per trading day.

The lower Bollinger Band might act as a bit of a magnet to pull it towards 9.90 over the next few days.

Having said this, keep in mind the Bank Negara decision today re rates. The result of that might decide what fund managers want to do with the blue chip stocks.

Rm10 is not a chart support, more a case of "phycological support".

I suspect this will go below 10.00 but by how much is an unknown, even on the chart analysis.
There is still a bit more room for the RSI to drop and none of my other indicators are pointing to a buy yet.

Sub 10.00 seems a good mid/long term hold to me. How far below 10.00 is the unknown.

hengsame, that's how all markets operate. Without market makers there would be very little market. The exact same thing happens on the reverse side of the ledger when a stock gets shorted.

I'm sure you are not telling me that groups like EPF and other Institutions don't do the same?

It's all part of the games that get played in all stock markets. The key is to ride the trend and get in or out when it reverses.

When this started spiking up earlier today I thought it might have been partly due to the Rakuten technical buy note that they put out this morning. They had R1 at 2.14 and R2 at 2.20.

My theory went out the window when I saw Cypark and Samaiden also running. Samaiden was up 20%+ at one stage before lunch.
Not sure what to make of all these counters moving at the same time.

Going back a couple of months ago, the same thing happened on a very regular basis.

lfccrew84
I'm doing the same re the Warrants and Bonus Shares. We also get a small dividend payout (1 cent) on the 21st January, so I can't complain on how I've done with Solarvest.

It's quite deep into blue sky territory now so have your oxygen mask on standby....lol. One thing with Solarvest, it never fails to surprise!

All the best, lfccrew84.

lfccrew84: Buddy, I'm not licensed to give buy or sell recommendations, sorry.

Alos, being a forum, if I was to say hold then people would say I'm trying to keep the price up to sell into. Conversely, If I said buy, then I'd be accused of ramping up the stock.

My story with this stock is that I was buying/ accumulating in the 1.20's and have sold some on the way up to 2.00.I also bought more at 1.41 when it looked good technically. I currently still hold stock to see how this pans out this year.

Glad to see that at least one person reads my posts....lol.

What's the prize? :}

Considering the overall negative moves of the market in the recent 5 trading days, Solarvest has performed well, moving from 1.77 to current intraday price of 2.00.

I thought I'd look at the technicals and found some interesting points on the indicators I use.

Bollinger Bands have started to tighten since December 28 and at Rm2, the current price is sitting on the top Bolli line.
MACD is crossing over into the positive.
Current short term Moving Average is 1.86.
Stochastics slightly into Overbought region but not a concern.

My take on the above:
Possible slight retrace from this current price to consolidate before further advances up. If that doesn't happen, look for a break above 2.08, with Fibonacci extensions (TP) of 2.15, 2.20 and 2.24.

Disclaimer: I hold.

Solarvest, the gift that keeps giving :)

Dividend payout next week too.

Source : HLG, Price Call : BUY, Price Target : 1.19
Last Price : 0.78, Upside/Downside : +0.41(52.56%)

I generally like HLG price calls, let's hope they are on the mark with this price target!

Currently the stock has the look of accumulation below 80. Once the sells dry up, it should move up to a higher level for further accumulation, IMO.

My chart indicators are looking ok.

I dipped my toe in the water yesterday and picked up a few at 77, although only around 30% of the amount I am planning to buy.
Missed the price move this morning but happy to see it up on yet another down day on the overall market.

Chart still in a similar place to my last post last week, with a solid break over 80 required to make it more convincing in the short term. Let's see if it can consolidate over 80 in the next few days.

Joyce, those 55 and 56 cent sells are merely noise. The first key break is the previous high close at 57. When that is broken the next short term targets are 58.5 then 61.5.

Currently, the chart is moving slowly positive since Tuesday's move from 50 to 53.
Stochastics are clearly shaping up well and the MACD is gradually tightening. Bollinger Bands also tightening with the upper band at 57. There's that number again.

Best wishes.

Technically this is starting to look interesting.
Stochastics crossing over to the upside from an oversold position. MACD also starting to close a little.

Too early to confirm upside yet but worth watching for increasing volumes/interest. It would be nice to see it break the 80 cent short term Moving Average.

EPF are playing both sides of the ledger, selling and buying.

If you pull up a 3 month chart you will clearly see the huge difference in daily average volume since December 1st.. Prior to that date the average volume was around 3 million a day and has increased in December by 200%.

I doubt that this is all due to retail punters placing a bet on it going up. Hopefully something is brewing.

Good luck!

After all that afternoon madness, it was still able to close above the moving average.
Let's yet again see what tomorrow brings.

A bit over 13 million traded in the hour after lunch. Buyers were all over it when it opened after lunch but "spmeone" smacked it down.

Some very odd trading going on here, IMO.

There was plenty buying interest after lunch on the back of the announcement.
Someone seems keen on holding it back and not letting it run yet.

It wins a Rm 347 million contract and falls like a stone? Yeah right, it's not getting manipulated...lol

Reminds me of the trading day about a week ago, same thing happened then went up the next day.

Shorts holding it maybe? Merely guessing

It's bounced off the Moving Average, which was 53 on Friday. Since it has started this current uptrend since November 2 it has always respected the MA.

Fibonacci first two extensions remain at 58.5 and 61.5.

https://www.klsescreener.com/v2/news/view/765451/solar-industry-seeing-renewed-investor-interest

The new placement should put a floor on the price, I'd guess.
Placement at 51.50 sen.

My sentiment is still a BUY.

I totally agree with your comments, GoGOBuy.

PE Ratios are worth very little for ANY growth company in a growing sector.

What is important is the forward planning of the company and how they execute and achieve their targets.

Boxes always need to be ticked along the way to confirm they are adhering to the growth plan.

HI gchenh93, a good question which deserves to be discussed. Although, this might not be the most suitable place for a detailed discussion on an important matter.

I have had this discussion many times over many years with others who invest in the stockmarket, as most people keep a very close eye on EPS and PE Ratios.

To keep this VERY short (I could go on for ages) you have to measure a PE on a particular sector. For example, if you were going to by a stock in the Retail Sector such as Aeon, there is a history of earnings with a prescribed PE Ratio for that sector. So it's fairly simple to work out a "fair value" for that stock and your decision to buy that stock would be on your perceived growth forecast.

Now let's take it to the extreme end of the scale. If you were to use a PE on stocks like Apple, Microsoft, Google, Tesla etc., nobody would have ever bought those stocks because the PE's were in the stratosphere in their early days. So why did people buy those companies? Simple answer is the eventual company growth in a growth sector.

So, with a company like Solarvest, people are buying at high PE levels because they believe in the growth of the company and the growth of the sector. I mentioned a couple of months ago in here that the Solar sector in Malaysia was in its infancy and to expect exponential growth over the next five years. I think what you are seeing now is Institutions, Fund Managers and Broking houses taking an active participation in the Renewable Energy Sector.

I hope this explanation helps. As I said, it's more complex than that but this is not the ideal place for lengthy discussions.

Best of luck with your investing.

There's always one joker in the pack.

Some quotes from history.....

"Where were you when JFK was shot?"
"Where were you when man landed on the moon?"
"Where were you when the Twin Towers in NY were hit?"

And the newest one....

"Where were you when Solavest broke Rm2.00?"

:)

This little lady has put her running shoes on and is attempting to jump over the Rm2 hurdle.

It's had very good volume over the last 7 trading days, so something had to give eventually.

For a bit of fun, I thought I would check out the Fibonacci numbers using yesterday's closing price of 1.80.

First Target price, 1.94868.
Second Target price, 2.04066.

It's already hit the first target this morning!

Will Santa bring us a Rm2.00+ present for the festive season? :)
I certainly hope so !

Best of luck, guys.

A very weird last 15 minutes of trading today.
Not sure if it was a case of the price falling or getting pushed down. At one stage, there was very little volume on the sell side for the next 4 levels up.

Tomorrow's another day, let's see what happens. Fibonacci targets remain the same, 58.5 and 61.5, with the uptrend still in place from October 30.

Looking good so far.

Chart clearly showing higher highs and higher lows from October 30.

I have Fibonacci targets of 58.5, followed by 61.5.

If we can match or surpass yesterday's volume, we could be on the way to the first target point, IMO.

Thanks Shah.
I'm guessing you are as happy as me with the share price performance :)

It certainly was a "November To Remember".

A healthy retrace, would like to see it drop a bit more for a top up.

With yesterday's close of 96 cents, my new TP 1 is 1.02 and TP 2 at 1.06.

Currently The stochastics and RSI are in Overbought territory so a pullback wouldn't be a bad thing for the next possible move up.
Although Stochastics are showing overbought, there is still a possibility of it not pulling back yet and maybe it could try to break Rm1.00, as the Stochastics haven't crossed down yet, but they are currently tight.

Today's trading will show a clearer picture.

Best of luck !!

Next TP1= 1.00
TP2= 1.04

First Retracement Point= 88.2, that seems unlikely due to yesterday's volume and today's current volume, IMO.

John, if it is over, you'd better tell the guy who just bought over 1 million up to 1.79.

A nice afternoon with very strong volume. :)

CPI = Consumer Price Index.
I've no idea if there is a report out today re the CPI. Just answering your query :)

1.80 hit with volume, nice :)
Perhaps time for a pullback and consolidation...OR....to hit the next Fibonacci extension at 1.87?
Too hard to call.

The next Fibonacci extension in this uptrend is 1.80.
If you want to be exact, 1.80036 :)

Followed by 1.87.

Let's see, fingers crossed!

It could be a bit of a game changer if it is able to close above 1.60.

PatienceWin, regarding your comment about the LSS4 tender, logically it would be a catalyst to strengthen the share price, although I couldn't put a guess on how much. Rm1.60 is still the blue sky breakout point, so perhaps a tender win will secure that.
I don't think the question is "will Solarvest get a tender?", more likely it will be "how much of the tender did they apply for and how much did they win?". As none of us know any numbers we will just have to hold out breath and wait until it's announced.

I have been giving some thought to this LSS4 tender recently and I believe it's not a coincidence that Solarvest are currently going through the capital raising process. They are in a comfortable financial position so the timing of this placement for extra cash seems to tie in well with the LSS4 tender award and planned growth.

In this sector, growth is the name of the game and Solarvest seem to be ticking all the relevant boxes to fulfil their growth strategy.

Interesting times ahead, I think.

I see you are living up to your name :)

"TreeTopView Technicals are showing the possibility of hitting the first target point of 85/86.
Clearly volume needs to increase substantially today and tomorrow."

That is part of what I posted on Thursday when it was trading at 78.5. It closed at 85.5 the same afternoon and retraced slightly on Friday to close at 84.5. A very good outcome from its Thursday "spike"

Revised targets using the current price:

TP 1: 89.5
TP 2: 94.2
TP 3: 1.03

Possible speed bumps along the way of 92 and 96.5.

I have 81.5/ 82 as a possible retracement price from the move up to Thursday's 85.5 close. Friday's price and volume indicates to me that it won't be a factor. Watch for consolidation and eventual move up to 89.5.

All IMO.

Here is a good graphic from the company's website of their previous ANNUAL revenues. This should give you more clarity about my post last night.

As you can see, their revenue for their 2020 financial year was Rm76 million, averaging Rm19 million each quarter. That's an average so it doesn't mean that each quarter reported Rm19 million, as it could have been Rm10million in one quarter and Rm28 million in another quarter........those two figures are merely an example and not fact.

Here's the graphic........https://samaiden.com.my/financial-information/

Comparing the last two years annual results with today's quarterly figures shows that they have a lot of catching up to do to come close to their earlier two years results.

The drop in reported quarterly revenue can at times be misleading though, as they could have completed or nearly completed projects in the quarter but have not been paid for them up to the reporting date end. To compound that situation, they could have also paid for the equipment for those projects during the quarter, which also magnifies the discrepancies in reported results. Another one or two quarters reports will start to make the picture a bit clearer.

Their four previous years results have seen steady revenue growth throughout those years, so if I was a holder I wouldn't be panicking yet. however their current share price seems a bit overcooked if you look at today's quarterly report, IMO.

I don't hold Samaiden shares but I did take a closer look at the company after it listed, when it was trading around the low 80's range. I thought it was worth buying in at that price but I took my eye off the ball at the time and not long after that it spiked up.

I will follow the company's future with interest. I wish holders well.

A bit of volume kicking in now, that's more like it.

Technicals are showing the possibility of hitting the first target point of 85/86.
Clearly volume needs to increase substantially today and tomorrow.
The overall market performance today isn't helping, no doubt due to the uncertainty of the budget vote.

The quarterly report should have enough positives in it to support the current technical outlook, IMO.