Power Root may rebound higher after it continued holding above the MYR2.07 support. As the stock has recorded a new 52-week high, this indicates a positive sign. A positive bias may emerge above the MYR2.18 level, with an exit set below the MYR2.07 threshold. Towards the upside, the immediate resistance is at the MYR2.30 mark. This is followed by the MYR2.40 level.
Source: RHB Securities Research - 23 Oct 2019
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Created by rhboskres | Aug 26, 2024