AmInvest Research Reports

Author: AmInvest   |   Latest post: Wed, 11 Dec 2019, 3:03 PM


Stocks on Radar - Power Root (7237)

Author:   |    Publish date:

Power Root may soon test the RM2.24 resistance level. With an RSI above 50%, a bullish bias may be present above this mark with target prices of RM2.40 and RM2.50. Meanwhile, it may continue moving sideways if it fails to cross RM2.24 in the near term. Support is then anticipated at RM2.08, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM2.24

Target: RM2.40, RM2.50 (time frame: 3-6 weeks)

Exit: RM2.08

Source: AmInvest Research - 19 Nov 2019

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Labels: PWROOT

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