Pecca Group shot up and formed a long white candle in its lastest session. With an RSI level above 70%, it may continue to climb above the resistance price of RM1.19. If this happens, its short-term target price will be RM1.29 followed by RM1.38. Support price is anticipated at RM1.10, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.19

Target: RM1.29, RM1.38 (time frame: 3-6 weeks)

Exit: RM1.10

Source: AmInvest Research - 27 Jun 2019