AmInvest Research Reports

Author: AmInvest   |   Latest post: Wed, 29 Jan 2020, 11:50 AM


Stocks on Radar - SKP Resources (7155)

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SKP Resources broke past the resistance price of RM1.32 in the latest session. With the momentum indicator RSI above 60%, it may continue to climb towards the target price of RM1.40 followed by RM1.45. If it dips below RM1.32, expect a sideway consolidation again. The downside support price is anticipated at RM1.27, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM1.32
Target: RM1.40, RM1.45 (time frame: 3-6 weeks)
Exit: RM1.27

Source: AmInvest Research - 13 Dec 2019

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Labels: SKPRES

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