RHB Retail Research
Trading Stocks - Power Root
Power Root is poised for a technical rebound, as it crossed above the 21-day SMA line yesterday. If it breaks above MYR1.38, the bullish momentum may accelerate towards the next resistance of MYR1.44, followed by the MYR1.50. Meanwhile, if the stock falls below the MYR1.30 support level, a downtrend may resume.
Source: RHB Securities Research - 8 Jul 2021
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