Pecca, an automotive upholstory company turned to ppe making company. Automotive product is already a strandard , with the epidemic has succeeded in creating a new income stream. After a lacklustre finish to previous quarter a selling climax is seen with another composite operator taking over as price became attractive. A reaccumulation ensues and later a reversal...
From the Fibonacci chart, PECCA already rebounce hence showing an uptrend pattern. Where the price movement in the overall direction is upward. If the price hit above MA20 then it will be in a long trade position.
R 3.315
S 2.810
Disclaimer : This is for learning purpose, no recommendation of buy/sell
Pecca completed the uptrend and is now on the downtrend.
Stocks price crossunder moving average 20 (MA20) and has dropped more than 15%.
During the drop, there was potential chip accumlation as indicated in Chips Masters.
The candles are now at the vicinity of -15% of MA20.
There were stop...
PECCA
Theme: Automobile parts
Rst: 4.38
Spp: 3.98
Serious RSI bearish divergence signal plus the stock have arrived end of Fibo Ext spectrum at 4.38 (previous projection is adjusted), consider as the end of bullish cycle now, looming for sharp retracement soon.
NO INVESTMENT ADVICE IS PROVIDED
DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to...
Currently testing resistance 1.65, would it able to break it ? RSI shows uptrend, with MACD signals a momentum.
EP 1.66
TP 1.77 (+7%), 1.88 (+13%), 1.95 (+17%), 2.04 (Triangle opening +22%)
SL 1.54 (-7%)
Speed: Fast with 22M shares float (12% of 188M shares)
Sentimen: Economic recovery
TAYOR
MYX:PECCA
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
HHHL
Y1<Y2 + got power up
X2 is flatter than X1 = retrace to zone 1
strong pattern A has form at support
WHOG@2 = strong support & upward strength
TP @ 1.775
SL @ 1.320
trying to rebreakout 1.39, 52week high. but still in rejection mode from last week.
my opinion, if its can breakout 52wh, it will fly high like a pigeon 😆🕊️.
Pecca Group Bhd. is an investment holding company, which engages in distribution and installation of car seat aircraft leather seat covers. It serves automotive industry segment by designing, manufacturing, distributing, and installing automotive leather upholstery for car seat covers and accessories. The company was founded by Hwa Cheng Teoh on July 27, 2010 and is headquartered in Kuala Lumpur, Malaysia.
MYX
![PECCA: PECCA [20 November 2020] Buy On Dip in Support Zone](https://s3.tradingview.com/b/Brdd9NeS_mid.png "PECCA [20 November 2020] Buy On Dip in Support Zone")
