Power Root is consolidating with the immediate resistance level of RM1.94. The trading volume moderated, showing that selling pressure has eased. Meanwhile, the momentum indicator RSI has crossed the 50% threshold, showing the bullish momentum is intact. There is a possibility it will experience a technical breakout and travel towards the short-term target prices of RM2.07 and RM2.15. The downside support is anticipated at RM1.83, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.94

Target: RM2.07, RM2.15 (time frame: 3-6 weeks)

Exit: RM1.83

Source: AmInvest Research - 10 Apr 2020