Based on the chart, the stock form a bullish harami pattern and near to MA50. There is a chance for the stock to go up. Moreover, the OBV is in uptrend which shows there is an accumulation in the stock. On top of that, there is a good sentiment for the company which is NETR.
The price still above 200 day moving average meaning in a long term uptrend
It also break down trendline and macd histogram pointing upward for upward momentum.
Entry 0.895
SL 0.830 (7.26)%
TP 1.02 14.53%
Risk to reward ratio 1:2
This is not a financial advice. TAYOR
SLVEST is one of the big profit stock that i traded back then in 2020 based on VCP setup. I used to call this stock as SolarBest. :)
Chart entering stage 4 since Mar 2021 till Nov 2022 which was around 616 days.
Recently volume started to kick in and the chart seem turning back into stage 2.
I also like the renewable energy sector where recent year lot of...
Comment on solarvest date 3.4.2022
Market stucture hh,hl hh hl
Remains construct hh sturucture.
Can put in ur watchlist.
Pls follow ur signal buy before enter.
Trade is simple for whom ready with plan.
It has been on a downtrend since last March. We are now seeing a 2nd trend reversal since then. However, it has yet to break out from the main downtrend.
For this pullback, the Resistance breakout at 0.84 with a long candlestick & high volume will signal the continuation of this reversal.
TP1 is 0.99 & TP2 is 1.115
Sign of Strength in the chart:
1. Reaccumulation with high volume upbar
2. Shakeout and back to support
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
The candlestick shows a breakout (BO) signal due to significant price movement where the volume is above MA20. MACD and OBV charts indicate a divergence signal. Hence, high possibility of an uptrend pattern. Put SLVEST in your WL and watch out for significant price movement with volume to support the uptrend.
R 1.450
S 1.310
A bullish bias emerged above symmetrical triangle, coincides with daily resistance at RM1.36. As such, the stock may head north to test resistance above at RM1.38, RM 1.54 and RM 1.95. If the price continues edging higher above ATH at RM2, the price will likely to surge towards the next Fibonacci target at RM2.58. Meanwhile, a reversal below RM1 would negate this...
