Pecca Group may move higher after hitting its highest close in more than nine months. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A bullish bias may appear above the MYR1.00 level, with an exit set below the MYR0.915 threshold. Towards the upside, the near-term resistance is at MYR1.10. This is followed by the MYR1.20 level.

Source: RHB Securities Research - 5 Mar 2019