Power Root broke out from its 1-month bullish flag pattern yesterday, implying that its previous uptrend may have resumed. With the stock posting a white candle and pushing near its 52-week high, the upward momentum may be present now. A bullish bias may emerge above the RM1.95 level, with a stop-loss set at RM1.80, below the hammer pattern support. Towards the upside, the near-term resistance level is seen at RM2.10, followed by RM2.20.

Entry : RM1.95–2.01

Target : RM2.10, RM2.20

Exit : RM1.80

Source: AmInvest Research - 7 Oct 2022