RHB Investment Research Reports
Trading Stocks - PCCS Group
rhbinvest
Publish date: Fri, 19 Aug 2022, 08:55 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
PCCS Group is eyeing another leg on the upside, after breaking past the MYR0.61 immediate resistance level. We observed that trading volume has increased, showing strong bullish momentum. If the stock sustains above the breakout point, we expect the follow-through momentum to propel it towards MYR0.65, followed by MYR0.68. On the downside, a breach below the MYR0.575 support level would nullify our expectation.
Source: RHB Securities Research - 19 Aug 2022
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