Power Root is poised to move higher to test the RM2.26 resistance level. Observed that the trading volume is incresing gradually, and coupled with 21-day moving average pointing upwards, we foresee that there could be a technical breakout soon. If this happens, it may move towards the short-term target prices of RM2.36 and RM2.46. In this case, the downside support is marked at RM2.18, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM2.26
Target: RM2.36, RM2.46 (time frame: 2-4 weeks)
Exit: RM2.18

Source: AmInvest Research - 8 Sept 2020