Power Root is poised to resume its uptrend as it rebounded yesterday from the immediate support on the back of stronger trading volume – eyeing the immediate resistance of MYR1.85. If a breakout occurs above that level, the bullish bias may propel the stock towards the resistance of MYR1.93, followed by the MYR2.00 psychological mark, or 30 Nov 2020’ high. However, the stock’s bullish momentum may fade away if it falls below the MYR1.77 support – as it may form a “lower low” bearish pattern.

Source: RHB Securities Research - 21 Jul 2022