Rakuten Trade Research Reports

Technical View - Pecca Group Berhad

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Publish date: Fri, 28 Oct 2022, 06:19 PM
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Pecca Group Berhad (PECCA, 5271)

• Share price closed 0.58% higher at RM0.865 on Thursday.

• PECCA has a flag formation is pending breakout. It has high trading volume recently due to emerging of new shareholders. Coupled with a bullish MACD crossover and its indicators showing uptick momentum, the share price is expected to trend higher.

• Resistance levels are identified at RM0.865 (R1) and RM0.875 (R2).

• On the flipside, support levels are pegged at RM0.81 (R1) and RM0.80 (R2).

Source: Rakuten Research - 28 October 2022

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