Rakuten Trade Research Reports
Technical View - Power Root Bhd
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Publish date: Wed, 17 Mar 2021, 05:06 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 (PWROOT, 7237)
• PWROOT closed 0.56% or 1 sen lower to RM1.76 yesterday.
• Share price could be attempting to form a reversal following months of retracement while recent movements could suggest early stage of price reversal. With healthy readings from key technical indicators, this could lead to stronger buying momentum ahead.
• Should share price able to break above RM1.80 level, resistance levels are seen at RM1.84 (R1) and further to RM1.93 (R2).
• On the downside, support levels are set at RM1.70 (S1) and RM1.68 (S2).
Source: Rakuten Research - 17 Mar 2021
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