Bearish momentum for Power Root Berhad

28 May 2018

Tenkan-Sen (Blue line) had crossover Kijun-Sen (Red Line) and move below Kijun-Sen (Dead Cross) indicate a selling signal. Price is below kumo-cloud indicates stocks in bearish momentum. Chikou-span (green line) tried once to break kumo-cloud but failed. It giving an indication the bearish momentum is strong. The support line for Power Root berhad ia at line RM 1.15 while the nearest resistance at RM 1.45.