Power Root broke out from its 1-month bullish triangle pattern yesterday, implying that its previous uptrend may have resumed.
With the stock posting a long white candle and closing near its 52-week high, the bullish momentum may be present now. A
bullish bias may emerge above the RM1.70 level, with a stop-loss set at RM1.58, below the 50-day EMA. Towards the upside,
the near-term resistance level is seen at RM1.85, followed by RM1.95.
Entry : RM1.70–1.75
Target : RM1.85, RM1.95
Exit : RM1.58
Source: AmInvest Research - 6 Jul 2022
Created by AmInvest | Aug 15, 2022
Created by AmInvest | Aug 12, 2022
Created by AmInvest | Aug 11, 2022