Pecca Group consolidated and touched the RM4.17 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM4.35, followed by RM4.44. The downside support is marked at RM3.90. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM4.17

Target: RM4.35, RM4.44 (time frame: 2-4 weeks)

Exit: RM3.90

Source: AmInvest Research - 1 Jul 2021