Power Root may climb higher, says RHB Retail Research

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KUALA LUMPUR (July 12): RHB Retail Research said Power Root Bhd may climb higher after forming a long white candle and hitting its new 52-week high.

In a trading stocks note today, the research house said this upward momentum is likely to continue, given this is the second consecutive white candle.

“A positive bias may emerge above the RM1.80 level, with an exit set below the RM1.70 threshold.

“Towards the upside, the immediate resistance is at the RM2.00 level. This is followed by the RM2.30 level,” it said.