RHB Retail Research
Trading Stocks - Power Root
Power Root is set to undergo a strong uptrend, after it rose above the 2-month consolidation level of MYR1.39, thereby printing a “higher high” bullish pattern with a “White Marubozu” candlestick. If the breakout is sustained, the bullish momentum may propel the stock towards the nearest resistance of MYR1.63, then the MYR1.70 threshold. That said, this expectation will be nullified if it falls below the support level of MYR1.36.
Source: RHB Securities Research - 28 Oct 2021
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