Pecca Group is eyeing to resume the upside movement after breaking past the resistance with a long white candlestick. Last week, the counter charted a long white candlestick and closed above the MYR1.32 resistance, showing the underlying momentum is bullish. As long as it sustains above the breakout point, the stock should climb towards the next resistance at MYR1.42, followed by the MYR1.50 mark. Conversely, a fall below the MYR1.26 support will negate the bullish setup.

Source: RHB Securities Research - 25 Nov 2024