PCCS Group
PCCS, according to RHB Research’s technical analysis report (September 20), is set to trend north as it rebounded strongly from the 21-day average line, surpassing the previous immediate resistance of MYR0.67 and forming a “higher high” bullish structure. The bullish bias above that level may propel it further towards the MYR0.71 point (24 Aug’s high), followed by the MYR0.80 threshold. However, the counter may reverse direction if it falls below the MYR0.61 support – trading below the average line while forming a “lower low” bearish structure.
Revenue Group
This counter is poised to resume its uptrend reversal as it attempted to move higher above the MYR1.04 resistance level
recently. If a breakout happens, the bullish bias above that level may drive the counter north further, towards the recent high of MYR1.08, followed by MYR1.14, or 3 June’s high. If it falls below the MYR0.98 support, the momentum may reverse direction, as it forms a “lower low” bearish pattern below the average line.
