Power Root is poised to break above the MYR1.39 immediate resistance with renewed momentum. We observe the bullish momentum garnered pace recently, suggesting the stock is on the verge of resuming its upward movement. If the stock breaks past the immediate resistance, expect a continued movement towards the next resistance of MYR1.45, followed by the MYR1.53 mark. In the event it breaches below the MYR1.32 support, the negative momentum may be revived.

Source: RHB Securities Research - 23 Nov 2021