RHB Retail Research
Trading Stocks - Power Root
Power Root may rebound further after it tested the MYR1.27 support recently. Given that it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR1.35 level, with an exit set below the MYR1.27 threshold. Towards the upside, the near-term resistance is at MYR1.43. This is followed by the MYR1.48 level.
Source: RHB Securities Research - 16 May 2019
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