Solarvest Holdings Berhad

• SLVEST broke above the key resistance of RM1.73 with two consecutive white candlesticks. In view of the stock pulling further away from the EMAs coupled with the golden cross formed three weeks ago, this further reinforces the potential uptrend in the near term.

• Thus, we expect the upward trajectory to steer the stock higher and test the next resistance at RM1.78 (R1) followed by RM1.83 (R2) in the near term.

• On the downside, stop-loss is set at RM1.67.

Source: Rakuten Research - 21 Jan 2025

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