Rakuten Trade Research Reports
Technical View - Power Root Bhd
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Publish date: Mon, 21 Aug 2023, 08:40 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
- Share price closed 2.82% higher at RM2.19 on last Friday.
- PWROOT has been hovering between RM1.97 and RM2.18 since June-23. Share price has recently rebounded, breaking out from its resistance level at RM2.18 with significant buying interests in the past week. Coupled with indicators showing uptick momentum, share price is expected to propel higher.
- Resistance level is identified at RM2.26 (R1).
- On the flipside, support levels are pegged at RM2.09 (S1) and 2.00 (S2).
Source: Rakuten Research - 21 Aug 2023
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