Solarvest has renewed its bullish momentum, says RHB Retail Research

Solarvest has renewed its bullish momentum, says RHB Retail Research
-A +A

KUALA LUMPUR (Oct 21): RHB Retail Research said Solarvest Holdings Bhd has renewed its bullish momentum to move northwards after bouncing off from the recent pullback and breaching the immediate resistance of RM1.40 on surging trading volume.

In a trading stocks note on Thursday, the research house said if the breakout is maintained, strong buying interest may propel the stock towards the immediate resistance levels of RM1.48, and then RM1.57.

“Conversely, a fall below the RM1.33 support level will nullify this expectation,” it said.