Pecca active, jumps 8.89% on positive technicals

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KUALA LUMPUR (Aug 14): Pecca Group Bhd jumped 8.89% in active trade at late morning today on positive technicals.

At 11.49am, Pecca rose 8 sen to 98 sen with 15.53 million shares done.

RHB Retail Research said Pecca has continued to remain above the 82 sen support in recent sessions, indicating a positive sign.

In a trading stocks note today, the research house said given that it rose above the 21-day SMA line lately, the positive sentiment has been enhanced.

"A bullish bias may emerge above the 88 sen level, with an exit set below the 82 sen threshold.

"To the upside, the immediate resistance is at 98 sen. This is followed by the RM1.06 level," it said.