Rakuten Trade Research Reports
Technical View - SKP Resources Berhad
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Publish date: Thu, 15 Dec 2022, 11:05 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
SKP Resources Berhad (SKPRES, 7155)
• Share price closed flat at RM1.68 on Wednesday.
• SKPRES has formed a higher low on 8 December amid a mild rebound. Buying interest was seen over the last 4 trading days and it is now trading above all key moving average lines. Coupled with bullish MACD crossover and indicators showing uptick momentum, the share price is expected to propel higher.
• Resistance levels are identified at RM1.74 (R1) and RM1.79 (R2).
• On the flipside, support levels are pegged at RM1.63 (S1) and RM1.59 (S2).
Source: Rakuten Research - 15 Dec 2022
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