Pecca Group consolidated and tested the RM1.84 resistance level. With its RSI indicator pointing upwards, coupled with sustainable trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM1.93, followed by RM1.99. The downside support is marked at RM1.73. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.84

Target: RM1.93, RM1.99 (time frame: 2-4 weeks)

Exit: RM1.73

Source: AmInvest Research - 11 Feb 2021