RHB Retail Research
Trading Stocks - Pecca Group
Pecca Group may rise higher after posting a long white candle for a second consecutive day. Yesterday’s candle sent the stock to its 1-month high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR1.17 level, with an exit set below the MYR1.11 threshold. Towards the upside, the immediate resistance is at the MYR1.24 mark. This is followed by the MYR1.30 threshold.
Source: RHB Securities Research - 11 Oct 2019
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