Kenanga Research & Investment
Highlights / Stock Picks of the Day - SLP Resources Berhad (SLP) – Not Rated
Yesterday, SLP’s share price rallied 8.5 sen (+16.8%) to close at RM0.59. Chartwise, the share price has traded in the uptrend channel for the past few months and a white “Marubozu” candlestick has formed in the daily technical chart, suggesting a strong increase in buying trend. This is also reflected in positive readings from key indicators (MACD, Stochastic and RSI). We believe that with follow through buying interests, SLP could continue rallying to its next resistance level of RM0.66 (R1) and RM0.70 (R2) fairly soon.
Source: Kenanga
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
