RHB Retail Research
Trading Stocks - Power Root
Power Root was testing the MYR1.95 level in recent sessions. If the price breaks out, 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 MYR1.95 threshold in the near term. Support may be found at MYR1.80, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 13 Apr 2020
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