RHB Research has identified Solarvest Holdings Bhd and MN Holdings Bhd as stocks to watch, citing bullish technical setups and the potential for further gains if key resistance levels are breached.
Solarvest could extend its upward momentum after breaking above resistance with a bullish candlestick. RHB Research said the stock could move towards RM3.45, followed by RM3.65, if it remains above the RM3.25 breakout level.
However, a fall below the RM3.05 support level would invalidate the bullish setup and potentially trigger a correction.
Meanwhile, MN Holdings is testing its immediate resistance with a bullish candlestick, while its upward-sloping 21-day simple moving average and rising trading volume point to strengthening momentum.
RHB Research said a breakout above RM3.75 could signal a resumption of the stock’s uptrend, with the next resistance levels at RM4 and RM4.25.
A decline below the RM3.50 support level, however, could weaken market sentiment and open the way for a correction.
