Friday 24 May 2024
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KUALA LUMPUR (Sept 20): RHB Retail Research said PCCS Group Bhd is set to trend north as it rebounded strongly from the 21-day average line, surpassing the previous immediate resistance of 67 sen and forming a “higher high” bullish structure.

In a trading stocks note on Tuesday (Sept 20), the research house said that the bullish bias above that level may propel it further towards the 71 sen point (Aug 24’s high), followed by the 80 sen threshold.

“However, the counter may reverse direction if it falls below the 61 sen support — trading below the average line while forming a 'lower low' bearish structure,” it said.

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