Solarvest Holdings is set to trend upwards further, after breaching above the immediate resistance of MYR1.36 on high trading volume – forming a white candlestick. If it stays above that level, the bullish momentum may propel the stock towards the immediate resistance of MYR1.43, followed by MYR1.57. However, if it falls below the MYR1.28 support – thereby forming a lower low – this expectation would be nullified.
Source: RHB Securities Research - 5 Jan 2024
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