RHB Retail Research
Technical Analysis - Power Root
Power Root
Power Root may trend higher after it formed a long white candle and breached above the MYR1.80 threshold. With the 21-day SMA line edging upwards, this also implies a positive outlook sentiment. A bullish bias may emerge above the MYR1.80 level, with an exit set below the MYR1.65 threshold. Towards the upside, the immediate resistance is at MYR2.00. This is followed by the MYR2.20 level.
Source: RHB Securities Research - 12 Jul 2018
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