AmInvest Research Reports
Stocks on Radar - Pecca Group (5271)
AmInvest
Publish date: Wed, 19 Feb 2020, 08:50 AM
AmInvest
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Pecca Group may soon retrace lower to RM1.06. If this happens, it could become oversold and there is a possibility it will experience a technical rebound heading towards RM1.15. In this case, the downside support is anticipated at RM1.00, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on pullback near RM1.06
Target: RM1.15 (time frame: 3-6 weeks)
Exit: RM1.00
Source: AmInvest Research - 19 Feb 2020
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