Power Root may rise further after it recouped the previous session’s losses and pushed higher from its RM1.84 low. With the stock posting a white marubozu candlestick and hitting a new 52-week high, the bullish momentum appears to be picking up. A bullish bias may emerge above the RM1.84 level, with a stop-loss set at RM1.78, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM2.10, followed by RM2.20.

Entry : RM1.84–1.96

Target : RM2.10, RM2.20

Exit : RM1.78

Source: AmInvest Research - 2 Sept 2022