• PECCA ended 5.7% or 21 sen to RM3.93 last Friday.
• After hitting high of RM4.09 on 12 April 2021, PECCA formed a mild pullback to recent low of RM3.65. Last Friday buying momentum with a positive closing on the back of improving trading volume and with share price trading above all upward sloping moving average lines, suggests the buying force is likely to be extended.
• From here, resistance levels are projected at RM4.09 (R1) and further to RM4.20 (R2).
• Conversely, support levels are set at RM3.75 (R1) and next at RM3.65 (S2).
Source: Rakuten Research - 26 Apr 2021
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Created by rakutentrade | Nov 05, 2024