RHB Retail Research
Trading Stocks - Power Root
Power Root may rise higher after posting a white candle and leaving an upside gap. The 21-day SMA line is now likely to turn upwards, suggesting additional strength may be present in the coming sessions. A bullish bias may emerge above the MYR1.36 level, with an exit set below the MYR1.27 threshold. Towards the upside, the immediate resistance is at MYR1.46. This is followed by the MYR1.58 level.
Source: RHB Securities Research - 30 May 2019
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