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PWROOT trade ideas

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 breakdown the MA50 since 2 weeks before (22 May 2023 - 29 May 2023) . In addition, there might be a crossover from the oversold region in the near term. Therefore, this might be a continuation for PWROOT to move higher again.
MYX:PWROOTLong
by muhammadaniq75
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 probability is high since the price was above MA20. And will have a probability of having a price correction between 10% to 20% drop in price value from a recent peak. If the price correction is without the high volume then it might be able to continue with the price rally momentum. Put PWROOT in your WL and watch out for price rally with volume. R 1.64 S 1.35
MYX:PWROOTLong
by eskopitehmilo
Stock Pick - Power Root (7237)Power Root may soon test the RM2.24 resistance level. With an RSI above 50%, a bullish bias may be present above this mark with target prices of RM2.40 and RM2.50. Meanwhile, it may continue moving sideways if it fails to cross RM2.24 in the near term. Support is then anticipated at RM2.08, whereby traders may exit on a breach to avoid the risk of a further correction. Trading Call: Buy upon breakout above RM2.24 To get more information COntact WhatsApp +601159671740]601159671740
MYX:PWROOTLong
by Davidklse