RHB Retail Research
Trading Stocks - Pecca Group
Pecca Group is attempting to resume its uptrend reversal as it bounced off from a recent pullback, eyeng to hit the immediate resistance level of MYR3.65 and printing a long white candlestick. If it breaches above that point, the bulls may head towards the MYR3.83 threshold, followed by the MYR4.00 next resistance. This expectation will be nullified if it falls below the support level of MYR3.32.
Source: RHB Securities Research - 19 Nov 2021
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