Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
From a technical perspective, as long as the 0.31–0.32 support zone continues to hold, the chart maintains a mild recovery bias. A reclaim of the descending trendline would improve near-term structure and open the path for a move back toward the 0.395 area, which represents the prior high-volume and resistance zone.
Verdant Solar's Q1 financial report demonstrates strong business performance, healthy profitability, and a solid balance sheet. More importantly, driven by the ATAP government support, the solar industry is entering a new phase of acceleration, with the penetration rate in the residential and light commercial markets expected to increase rapidly.
Support remains firm around RM0.380, providing a comfortable cushion for the current up-move. As long as this level holds, the upward bias stays intact. Failure to break below this support keeps the short-term outlook positive and protects the ongoing bullish setup.
