RHB Retail Research
Trading stocks (mid-day) - Powerwell
At the time of writing, Powerwell may rebound further after it continued holding above the MYR0.24 support. As the stock marked a higher close vis-à-vis the previous session, this indicates a positive sign. A positive bias may emerge above the MYR0.24 level, with an exit set below the MYR0.24 threshold. Towards the upside, the immediate resistance is at the MYR0.30 mark, followed by the MYR0.345 level.
Source: RHB Securities Research - 10 Mar 2020
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