Stock: SLVEST Trend: Uptrend Rebound from retracement at MA 50 on 24 Feb RRR: 1:1
Solarvest has reject/rebound at RBS (resistance become support) & in line with FIBO golden ratio 0.618% at price Rm2.10. Today higher solarvest has hit resistance at price Rm2.72, Let's we see solarvest can BO the reisstance & continue uptrend or pullback continue downtrend
Slvest 6/2/2021 Chartwise hit 3.280 target Slvest 3/2/2021 From technical resistant can be 3.280
SLVEST Rst: 3.00/ 3.37 Spp: 2.70 No major sign of deterioration, neither from RSI nor MACD. This super strong trend will not easily get dissipated as it’s supported by super broad BB as well substantially strong trading volume.
CHECKLIST RSI250 > 50 DMI ADX PINK >20 SMART MONEY = CHECKED CROSS DEATH = CHECKED
Second entry chance at the low level. Target price move high up and the trailing stop moving up accordingly. If anyone still holding since RM1.40, congrats!! I'm expecting next TP around RM2.70
Price is entering the uptrend tunnel again @ RM1.40. We can see volume is building up, and RM1.40 is previous key level resistant. 1st TP RM 1.60, if the price can break out @ this previous high, the next TP we looking at is RM 2.10. Risk reward ratio 3:1 TP 2.10 SL if lower than 1.1
Note - RSI is reaching bottom! - MACD just broke in last minute! - ADL still above EMA-200 - Candlestick shows price unchanged! possibly break uptrending!
- Candle reversal bullish engulf terbentuk berserta ekor yang panjang . - Volume lebih besar berbanding hari2 sebelumya pada hari ini . - Berkemungkinan akan berlaku kenaikan semula . Disclaimer : Ini bertujuan untuk pendidikan . Bukan Buy Call . Semoga bermanfaat
Slvest 19/12/2020 first support at 1.870 , macd dead cross anytime . To be safe, look at the lower uptrend channel will be better. Slvest 15/12/2020 Not sure hows the reaction from investors, but 2.140 should be the peak at this moment , cautious if profit taking happens from this area.
The stock has breakout from cup and holder pattern (TP 2.17), and currently forming bull flag pattern. Its best to buy on dip inside the flag (find reversal candle), or wait for the flag breakout at 2.14 EP Buy on dip in the flag, or breakout flag 2.14 TP 2.17 (cup depth), 2.4 (target pole height) SL 2.0 Sentiment: Green tech bullish due to US Election result
SLVEST has recently made a pullback on resistance level at Fibonacci 1.618 early this week, followed by a Symmetrical Triangle formation on H1 timeframe and has recently closed above this continuation pattern. Our view is still Bullish with the next price target at 1.97. Key support is at 1.40 - exit below this level. Disclaimer: The content on this analysis is...