PWROOT Rebound Today (9 June 2023), the stock close higher with large volume. Not only that, the stock made a gap up and break above MA50. Meanwhile, based on weekly chart, we can see that PWROOT has rebound from MA50 as well as cross up MA20. We can see that MA50 is the strong support because, the price failed to
0.140MYR
58.758MMYR
455.763MMYR
178.776M
About POWER ROOT BERHAD
Sector
CEO
Tak Keong Wong
Headquarters
Kuala Lumpur
Website
Founded
1999
ISIN
MYL7237OO000
Power Root Bhd. is an investment holding company, which engages in the manufacturing and distribution of beverage products. It operates through the Local and Overseas geographic segment. The Local segment includes sales to customers within Malaysia. The Overseas segment is involved in the sales to overseas customers with the Middle East Region as the principal market segment. The company was founded on July 23, 1999 and is headquartered in Kuala Lumpur, Malaysia.
A Breakout Signal!A significant price movement on recent trade shows a breakout signal with volume confirming the price movement. And created an early stage of a "fish tail" in the Bollinger Band (BB) chart. MACD and OBV charts indicate a divergence signal. Will it be able to continue the price rally momentum? The pr
PWROOT - Temporary bottom formBanker chip at accumulate stage
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(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
POWER ROOT BERHADMy opinions for PWROOT:
1) I'm inclined to enter the second zone for long term.
2) There are a lot of significant SNR zone in zone 2.
3) If you are looking for a long term, then 2nd zone is for you
4) If you are a day trader, looking for 5 to 6% of gain, you can enter in zone 1 when M15 timefram
Long PWROOTMYX:PWROOT
EP 2.19/2.20
TP1 2.45 (12.07%)
CL1 2.05 (6.61%)
CL2 1.895 - very strong support
Reason for long:
1. The price has break the downward trendline
2. MACD just crossed up indicating change of trend
3. RSI is less than 70%
This is for education purpose only. Not referring to any long or sh
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