Power Root crossed the RM1.82 mark in its latest session. With the momentum indicator RSI above 60%, there is a possibility it may continue to advance towards a target price of RM1.94, followed by RM2.00. Meanwhile, it may turn sideways if it retreats below the RM1.82 mark. In this case, the downside support is anticipated at RM1.71, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on uptrend continuation above RM1.82

Target: RM1.94, RM2.00 (time frame: 3-6 weeks)

Exit: RM1.71

Source: AmInvest Research - 16 Aug 2019