RHB Retail Research
Trading Stocks - Pecca Group
Pecca Group has been testing the MYR1.22 threshold of late. A bullish bias may be present above this point, with a target price of MYR1.27, followed by MYR1.32. The stock may turn sideways if it cannot breach above the MYR1.22 mark decisively in the coming sessions. Support may be found at MYR1.17, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 25 Nov 2019
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