RHB Investment Bank Bhd (RHB Research) has identified Solarvest Holdings Bhd and Inari Amertron Bhd as its latest technical stock picks, citing improving momentum and breakout signals on both counters.
RHB Research said Solarvest is setting up for a fresh leg of upside, supported by improving price action above its 21-day simple moving average (SMA). The research house said a breakout above the RM2.40 resistance level would reinforce the bullish view and could lift the stock towards RM2.60, with the next resistance seen at RM2.80.
However, it said a move below the RM2.20 support level would invalidate the setup and may trigger a corrective pullback.
For Inari Amertron, RHB Research said the stock looks poised to extend its gains after breaking above a key resistance level. It noted that the counter formed a long bullish candlestick and closed above RM1.35, signalling strong buying momentum.
The research house said the breakout could push the stock towards RM1.45, followed by RM1.55 if momentum remains intact.
On the downside, RHB Research said a fall below RM1.25 would negate the bullish setup and signal the start of a correction.
The two counters come amid continued investor focus on technically driven trading ideas as market participants navigate broader volatility across Bursa Malaysia.
