Power Root Bhd (PWROOT, 7237)

• Share price closed 3.55% higher at RM1.75 on Thursday.

• PWROOT share price has been trading above its key moving averages and it is still on the uptrend currently. It is pending a breakout at its first resistance level RM1.75. Coupled with MACD bullish crossover which just happened for the past 2 trading days and upticks in its indicators, share price is expected to move higher.

• Resistance levels are identified at RM1.75 (R1) and RM1.81 (R2).

• On the flipside, support levels are pegged at RM1.65 (S1) and RM1.57 (S2).

Source: Rakuten Research - 8 Jul 2022