RHB Retail Research
Trading Stocks - Powerwell
Powerwell is attempting to move above the resistance level of MYR0.30. The increase in trading volume over recent sessions indicate that buying interest is on the rise. If it trades above MYR0.30, expect the bullish momentum to reach the next resistance of MYR0.32, followed by MYR0.35. A downside breach of the MYR0.27 support level would nullify this expectation.
Source: RHB Securities Research - 14 Oct 2020
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