Pecca Group may rise higher, says RHB Retail Research

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KUALA LUMPUR (Oct 11): RHB Retail Research said Pecca Group Bhd may rise higher after posting a long white candle for a second consecutive day.

In a trading stocks note today, the research house said yesterday’s candle sent the stock to its 1-month high, thereby enhancing the bullish sentiment.

“A positive bias may emerge above the RM1.17 level, with an exit set below the RM1.11 threshold.

“Towards the upside, the immediate resistance is at the RM1.24 mark. This is followed by the RM1.30 threshold,” it said.