RHB Retail Research
Trading Stocks - PCCS Group
PCCS Group’s buying momentum may have returned after it rose above the 21-day SMA line. The latest candle can be regarded as a continuation of the rebound that started off 6 Aug’s “Hammer” pattern. A positive bias may emerge above the MYR0.52 level, with an exit set below the MYR0.45 threshold. Towards the upside, the immediate resistance is at the MYR0.585 level. This is followed by the MYR0.635 level.
Source: RHB Securities Research - 19 Aug 2019
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