KUALA LUMPUR (May 10): RHB Retail Research said Pecca Group Bhd may move higher after it continued holding above the RM1.04 support.

In a trading stocks note today, the research house said as the stock marked a higher close vis-à-vis the previous session, this indicates a positive sign.

“A bullish bias may appear above the RM1.04 level, with an exit set below the RM1.04 threshold.

“Towards the upside, the near-term resistance is at RM1.13. This is followed by the RM1.20 level,” it said.