Pecca Group may climb higher, says RHB Retail Research

TheEdge Thu, Aug 22, 2019 08:32am - 4 years View Original


KUALA LUMPUR (Aug 22): RHB Retail Research said Pecca Group Bhd may climb higher after forming a long white candle and leaving an upside gap.

In a trading stocks note today, the research house said yesterday’s candle sent the stock to its new 52-week high, thereby enhancing the bullish sentiment.

“A bullish bias may emerge above the RM1.20 level, with an exit set below the RM1.10 threshold.

“Towards the upside, the immediate resistance is at RM1.30 level. This is followed by the RM1.40 level,” it said.

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