RHB Retail Research
Trading Stocks - Power Root
Power Root may rebound further after it tested the MYR1.50 support in recent sessions. With the 21-day SMA line edging upwards, this suggests a likelihood of increasing demand in the near term. A positive bias may emerge above the MYR1.50 level, with an exit set below the MYR1.50 threshold. Towards the upside, the immediate resistance is at MYR1.62 point. This is followed by the MYR1.68 level.
Source: RHB Securities Research - 28 Jun 2019
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