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AmInvest Research Reports

Author: AmInvest   |   Latest post: Wed, 25 Nov 2020, 5:44 PM

 

Stocks On Radar - Pecca Group (5271)

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Pecca Group pulled back and touched the RM1.23 resistance level. With its higher low candle stick pattern, coupled with higher trading volume, we think that there could be a technical breakout towards the short-term target price of RM1.27 followed by RM1.31. In this case, the downside support is marked at RM1.16, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on pullback RM1.23

Target: RM1.27, RM1.31 (time frame: 2-4 weeks)

Exit: RM1.16

Source: AmInvest Research - 24 Sept 2020

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Labels: PECCA

Related Stocks

Chart Stock Name Last Change Volume 
PECCA 1.48 -0.03 (1.99%) 498,000 

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