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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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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