Power Root should continue climbing after it closing at the 52-week high yesterday. A position can be initiated above RM0.60 and the recent low of RM0.55 can be employed as a stop-loss. The price targets are the Fibonacci levels of 2011-2012’s decline at RM0.645 and RM0.685. The stock is likely to trade sideways should the stop loss be triggered. Strong supports are at RM0.50 and RM0.45.
Source: OSK
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