AmInvest Research Reports

Stocks on Radar - Power Root

AmInvest
Publish date: Wed, 06 Jul 2022, 08:36 AM
AmInvest
0 6,343
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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

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