RHB Retail Research
Trading Stocks - Pecca Group
Pecca Group is set for an uptrend reversal after breaching the consolidation phase of MYR3.43 while forming a “Bullish Closing Marubozu” candlestick. If it manages to maintain above that level, expect the bullish momentum to drive the stock further towards the recent high of MYR3.65, and then the next resistance of MYR3.93. Conversely, falling below the support level of MYR3.30 will cancel this expectation.
Source: RHB Securities Research - 28 Dec 2021
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