PECCA (Not Rated)

• Yesterday, PECCA stayed unchanged at RM1.14.
• The stock has been trending upwards since mid-June and recently tested its 20-Day SMA.
• Although yesterday candlestick remained unchanged, we note that the overall up-trend remains intact given that all keySMAs are healthy.
• Coupled with the bullish MACD cross over, we expect the share to test overhead resistances at RM1.25 (R1) and RM1.40 (R2).
• Conversely, downside supports can be seen at RM1.05 (S1) and RM0.900 (S2).

CCK (Not Rated)

• CCK closed lower by 1.5 sen (-2.68%) to end at RM0.545.
• The chart has been trending upward since mid-June.
• Yesterday candlestick closed and tested its 50-Day SMA. With the formation of a saucer pattern and uptick in key technical indicators, we believe the share could trend higher.
• Should buying momentum persist, overhead resistances can be seen at RM0.600 (R1) and RM0.655 (R2).
• Conversely, key support levels can be seen at RM0.495 (S1) and RM0.440 (S2).

Source: Kenanga Research - 19 Jul 2019