• 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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Created by rakutentrade | Aug 23, 2024