RHB Retail Research
Trading Stocks - Power Root
Power Root formed a long white candle, indicating that the buying momentum could be strong. Given that the stock has recently breached above the downtrend line drawn in the chart, this indicates a positive sign. A positive bias may emerge above the MYR2.35 level, with an exit set below the MYR2.25 threshold. Towards the upside, the immediate resistance is at the MYR2.55 mark, followed by the MYR2.70 level.
Source: RHB Securities Research - 17 Feb 2020
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
