Power Root has leapt above and challenged the resistance level of RM1.41 during its intraday high. With an RSI above 60%, it may break the resistance, and move towards a short-term target price of RM1.44 followed by RM1.52. Meanwhile, it may drift sideways if it fails to cross the RM1.41 mark in the near term. In this case, the support level is anticipated at RM1.35, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon rebound above RM1.41

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

Exit: RM1.35

Source: AmInvest Research - 30 May 2019