Pecca Group may rebound further after it tested the MYR1.02 support in its latest session. Given that the stock has formed a “Hammer” pattern on 20 Mar, this indicates a potential rebound. A bullish bias may appear above the MYR1.02 level, with an exit set below the MYR1.02 threshold. Towards the upside, the near-term resistance is at MYR1.14. This is followed by the MYR1.20 level.

Source: RHB Securities Research - 21 Mar 2019