RHB Retail Research
Trading Stocks - Power Root
Power Root may rebound further after it tested the MYR1.71 support recently. Given that the stock has formed a “Bullish Engulfing” pattern on 6 Aug, this indicates a potential rebound. A bullish bias may emerge above the MYR1.78 level, with an exit set below the MYR1.71 threshold. Towards the upside, the immediate resistance is at MYR1.87 level. This is followed by the MYR1.94 level
Source: RHB Securities Research - 14 Aug 2019
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