RHB Investment Research Reports
Trading Stocks - Pecca Group
rhbinvest
Publish date: Wed, 21 Aug 2024, 02:13 PM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Pecca Group has staged a bullish breakout and is eyeing to extend the upside movement. The counter managed to climb above the 21-day SMA line and break past the MYR1.26 resistance to confirm a bullish setup. Riding on this bullish momentum, the stock may travel towards the next resistance at MYR1.32, followed by the MYR1.38 level. In the event it breaches the MYR1.21 support, this resumes the correction phase.
Source: RHB Securities Research - 21 Aug 2024
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