Rakuten Trade Research Reports
Technical View - Power Root Bhd
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Publish date: Wed, 09 Nov 2022, 09:04 AM
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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)
• Share price closed 2.25% higher at RM2.27 on Tuesday.
• PWROOT is trading at an all time high with relatively strong buying interest lately. It broke out from its resistance level at RM2.26 yesterday and is trading above all the key moving average lines. As MACD bullish crossover and indicators are showing bullish signals, share price is expected to trend higher.
• Resistance levels are identified at RM2.30 (R1) and RM2.38 (R2).
• On the flipside, support levels are pegged at RM1.99 (S1) and RM1.84 (S2).
Source: Rakuten Research - 9 Nov 2022
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