Power Root showing early signs of developing price reversal, says RHB Retail Research

Power Root showing early signs of developing price reversal, says RHB Retail Research
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KUALA LUMPUR (March 16): RHB Retail Research said Power Root Bhd is showing early signs of developing a price reversal following its multi-month retracement.

In a trading stocks note today, the research house said a positive bias is expected to appear above RM1.70, with resistance levels set at RM1.90 and RM2.00.

“A downside breach of RM1.70 would nullify this expectation,” it said.