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A Breakout Signal!

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MYX:PWROOT   POWER ROOT BERHAD
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
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