Kenanga Research & Investment
Highlights / Stock Picks of the Day - Power Root Berhad ("PWROOT”) – Not Rated
PWROOT has broken out of a “Bullish Flag” chart pattern after closing at record high of RM2.12 (+16 sen) yesterday. We believe that the stock has further upside to go as both the volume and technical indicators (e.g. Stochastic, and RSI) seem to be improving. More importantly, PWROOT could potentially extend its gains to the RM2.50 resistance, while the downside is likely to be capped at RM1.95.
Source: Kenanga
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2013-06-06 10:23