Power Root broke past the resistance price of RM1.58 in the latest session. With the momentum indicator RSI above 70%, it may continue to move towards the target price of RM1.69 followed by RM1.75. If it dips below RM1.58, expect a sideway consolidation movement. In this case, support price is anticipated at RM1.52, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM1.58

Target: RM1.69, RM1.75 (time frame: 3-6 weeks)

Exit: RM1.52

Source: AmInvest Research - 4 Jul 2019