Power Root Bhd (PWROOT, 7237)

• Share closed 6.06% higher at RM2.10 on Wednesday.

• PWROOT broke out from its resistance levels 3 times yesterday at RM1.99, RM2.02 and RM2.07 with improved buying interests. It has been trading above its MA 200 line and managed to close above MA 20 line yesterday. The uptrend is much more intact if share price is able to maintain above the MA 50 line. The indicators are showing uptick momentum, therefore share price is expected to move higher.

• Resistance levels are identified at RM2.12 (R1) and RM2.26 (R2).

• On the flipside, support levels are pegged at RM1.86 (S1) and RM1.84 (S2).

Source: Rakuten Research - 16 Feb 2023

To sign up for an account: http://bit.ly/40BNqKI
[Youtube Tutorial] Account Opening & Enable Foreign Equity: http://bit.ly/3I5Jzxo