RHB Retail Research
Trading Stocks - PCCS
PCCS Group may rebound further after it tested the MYR0.425 support in recent sessions. Given it formed a long white candle above the rising 21-day SMA line, this means that the bullish sentiment has been enhanced. A positive bias may emerge above the MYR0.475 level, with an exit set below the MYR0.425 threshold. Towards the upside, the immediate resistance is at the MYR0.55 mark. This is followed by the MYR0.59 level.
Source: RHB Securities Research - 10 Jan 2020
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