PUC Bhd had tested its 2-level support of RM0.020 (S2) and RM0.025 (S1) for multiple times throughout the past 20 trading days. We deem this as a significant slow down in terms of selling pressure as volume had diminished, and slow accumulation process is in place. We recommend continue to monitor PUC Bhd should the stock retest RM0.030 level with increased volume, which we will see it as a spike in interest after a long consolidation phase.

Risk Reward: 3:1

TP: RM0.050