Rakuten Trade Research Reports
Technical View - Power Root Bhd (PWROOT, 7237)
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Publish date: Tue, 14 Apr 2020, 08:37 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Power Root Bhd (7237)
• PWROOT rose 6.3% or 12 sen to RM 2.03 yesterday.
• Share price has rebounded from its recent low and continue to trade above key short-term moving averages, indicating some buying interests. Share price could continue to trend higher on the back of stronger signals from the technical indicators.
• From here, resistance levels are seen at RM2.17 (R1) and further to RM2.30 (R2)
• Conversely, support levels are identified at RM1.86 (S1) and RM1.72 (S2).
Source: Rakuten Research - 14 Apr 2020
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