Power Root shot up and formed a long white candle in the lastest session. With an RSI level above 50%, it may continue to move higher above the resistance price of RM1.35. If this happens, its short-term target price will be RM1.44 followed by RM1.52. Its support price is seen at RM1.27, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on rebound above RM1.35

Target: RM1.44, RM1.52 (time frame: 3-6 weeks)

Exit: RM1.27

Source: AmInvest Research - 8 Apr 2019