Power Root may rise higher after it formed a long white candle and breached above the MYR1.58 threshold. With the 21-day SMA line edging upwards, this also implies a positive outlook. A bullish bias may emerge above the MYR1.58 level, with an exit set below the MYR1.50 threshold. Towards the upside, the immediate resistance is at MYR1.70. This is followed by the MYR1.80 level.
Source: RHB Securities Research - 4 Jul 2019
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Created by rhboskres | Aug 26, 2024