Rakuten Trade Research Reports
Technical View - SKP Resources Berhad
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Publish date: Thu, 03 Nov 2022, 06:28 PM
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Rakuten Trade
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Email: customerservice@rakutentrade.my
SKP Resources Berhad (SKPRES, 7155)
• Share price closed 0.09% higher at RM1.67 on Wednesday.
• SKPRES has been hovering above its support level at RM1.56. It had a white marubozu candlestick yesterday and managed to close above its MA 20 and MA 200 lines. As MACD bullish crossover and indicators are showing uptick momentum, the share price is expected to trend higher.
• Resistance levels are identified at RM1.69 (R1) and RM1.72 (R2).
• On the flipside, support levels are pegged at RM1.56 (S1) and RM1.52 (S2).
Source: Rakuten Research - 3 Nov 2022
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