Pecca Group has been range-bound during recent sessions. With the momentum indicator RSI above 50%, there is a possibility it will break above the resistance of RM1.11, and move towards a target price of RM1.20. Meanwhile, the immediate support is anticipated at RM1.02, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy upon breakout above RM1.11
Target: RM1.20 (time frame: 3-6 weeks)
Exit: RM1.02
Source: AmInvest Research - 17 Apr 2019
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Created by AmInvest | Nov 25, 2024