RHB Retail Research
Trading Stocks - Power Root
Power Root may rebound further after it tested the MYR1.26 support recently. As the stock rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR1.32 level, with an exit set below the MYR1.26 threshold. Towards the upside, the near-term resistance is at MYR1.40. This is followed by the MYR1.46 level.
Source: RHB Securities Research - 29 Apr 2019
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