RHB Investment Bank Bhd (RHB Research) has identified Inari Amertron Berhad and Solarvest Holdings Berhad as its latest technical trading picks, citing improving bullish momentum and rising trading volumes in both counters.
RHB Research said Inari Amertron is attempting to extend its upside movement after breaking past a key resistance level with a bullish candlestick pattern.
The research house noted that trading volume has been increasing alongside the share price, indicating renewed buying momentum in the semiconductor-related counter.
Following the breakout above the RM1.95 resistance level, RHB Research expects the stock to move in a “higher high” pattern and test RM2.10, followed by RM2.25.
However, it cautioned that a fall below the RM1.80 support level would invalidate the bullish setup.
Meanwhile, Solarvest is also showing signs of strengthening momentum after recently testing its immediate resistance with a bullish candlestick formation.
According to RHB Research, the stock is currently consolidating sideways below the RM2.80 resistance level while trading volumes continue to rise in tandem with the share price.
“If there is a bullish breakout, the stock should continue climbing towards RM2.94, followed by the RM3.10 level,” the research house said.
It added that the positive expectation for Solarvest would be invalidated should the stock fall below the RM2.65 support level.
