Rakuten Trade Research Reports
Technical View - Pecca Group Bhd
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Publish date: Mon, 26 Apr 2021, 10:26 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Pecca Group Bhd (PECCA, 5271)
• 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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