KUALA LUMPUR (Nov 6): RHB Retail Research said Power Root Bhd has been developing a minor rebound over the past three sessions and attempted to cross above both the 21-day SMA line and RM2.10 resistance.

In a trading stocks note today, the reearch house said an upside breach of RM2.10 would indicate that a stronger rebound phase will likely develop, with subsequent resistance levels eyed at RM2.14 and RM2.20.

“A downside breach of the RM2.06 support would negate this positive forecast,” it said.