PCCS Group rose and touched the RM0.44 resistance level. With its 21-day moving average pointing upward, coupled with a higher high candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.46, followed by RM0.47. The downside support is marked at RM0.41. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.44

Target: RM0.46, RM0.47 (time frame: 2-4 weeks)

Exit: RM0.41
 

Source: AmInvest Research - 7 Jan 2022