RHB Investment Research Reports
Trading Stocks - Solarvest Holdings
rhbinvest
Publish date: Wed, 31 Jan 2024, 11:39 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Solarvest Holdings is set to trend higher amid a breakout above the MYR1.40 resistance following a surge in trading volume yesterday – the stock charted a fresh 52-week high. Riding on the momentum, it should climb towards the MYR1.57 resistance, followed by the MYR1.70 level. Towards the downside, a fall below the MYR1.34 support would invalidate the bullish setup, as the stock would be trading below the 21-day SMA line.
Source: RHB Securities Research - 31 Jan 2024
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