RHB Retail Research
Trading Stocks - Power Root
Power Root may trend higher after it recently breached above the MYR2 threshold. Yesterday’s candle has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A bullish bias may emerge above the MYR2.00 level, with an exit set below the MYR1.89 threshold. Towards the upside, the immediate resistance is at MYR2.10 level. This is followed by the MYR2.20 threshold.
Source: RHB Securities Research - 4 Sept 2019
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