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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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 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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