RHB Investment Research Reports
Trading Stocks - SKP Resources
rhbinvest
Publish date: Tue, 02 Apr 2024, 10:28 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
SKP Resources is in the midst of resuming its uptrend rebound after consolidating above the ascending 21-day SMA line, as it eyes the MYR0.925 immediate resistance level. If a breakout occurs above this level, the stock would be propelled towards the next resistance level of MYR1.04, followed by the MYR1.12 resistance, which was also the 9-month high. However, a fall below MYR0.855 would invalidate the bullish bias.
Source: RHB Securities Research - 2 Apr 2024
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