RHB Retail Research
Trading Stocks - Power Root
Power Root has been developing a minor rebound over the past three sessions and attempted to cross above both the 21- day SMA line and MYR2.10 resistance. An upside breach of MYR2.10 would indicate that a stronger rebound phase will likely develop, with subsequent resistance levels eyed at MYR2.14 and MYR2.20. A downside breach of the MYR2.06 support would negate this positive forecast.
Source: RHB Securities Research - 11 Nov 2020
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