SKPRES

Sector: Semiconductor / Electronic Manufacturing Service (EMS)

SKPRES posed a strong rally from RM1.30 level to RM1.8 after its bonus issue retracement. Unfortunately, the rally sees significant retracement last week with 5 consecutive red candles breaking its short term support level of EMA25 and EMA50. The trend failed to create higher highs, which one should be caution of, but this might be due to the generally bearish market sentiment.

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