RHB Retail Research
Trading Stocks - Power Root
Power Root was testing the MYR2.00 threshold in the recent session. A bullish bias may be present above this point, with a target price of MYR2.10, followed by MYR2.20. The stock may take a breather if it cannot breach above the MYR2.00 threshold decisively in the coming sessions. Support may be found at MYR1.80, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 30 Aug 2019
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