RHB Retail Research
Trading Stocks - Power Root
Power Root may climb higher after forming a long white candle and hitting its new 52-week high. This upward momentum is likely to continue, given this is the second consecutive white candle. A positive bias may emerge above the MYR1.80 level, with an exit set below the MYR1.70 threshold. Towards the upside, the immediate resistance is at the MYR2.00 level. This is followed by the MYR2.30 level.
Source: RHB Securities Research - 12 Jul 2019
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