RHB Retail Research
Technical Analysis - Pecca Group
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Pecca Group has continued to remain above the MYR0.82 support in recent sessions, indicating a positive sign. Given that it rose above the 21-day SMA line lately, the positive sentiment has been enhanced. A bullish bias may emerge above the MYR0.88 level, with an exit set below the MYR0.82 threshold. To the upside, the immediate resistance is at MYR0.98. This is followed by the MYR1.06 level.
Source: RHB Securities Research - 13 Aug 2018
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