PCCS Group has rebounded from its low to test the immediate resistance level of RM0.42. With a rising RSI, a bullish bias may be present above this mark with the target prices of RM0.455 and RM0.47. Meanwhile, it may continue moving sideways if it closes below the RM0.42 mark in the near term. In this case, the immediate support is anticipated at RM0.39, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on pullback near RM0.42
Target: RM0.455, RM0.47 (time frame: 3-6 weeks)
Exit: RM0.39

Source: AmInvest Research - 12 Feb 2020