- Target Price: RM0.560, RM0.580
- Last closing price: RM0.505
- Potential return: 10.8%, 14.5%
- Support: RM0.480
- Stop Loss: RM0.440
Possible for uptrend continuation. PCCS is riding on its uptrend, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.530 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.560 and RM0.580.
However, failure to hold on to support level of RM0.480 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 22 Jul 2022