RHB Investment Research Reports
Trading Stocks - SKP Resources
rhbinvest
Publish date: Thu, 05 Sep 2024, 09:46 AM
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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
Fax : +(60) 3 9200 2216
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 eyeing to stage a technical breakout while testing the immediate resistance. The counter has climbed above the 21-day SMA line, which shows the bullish momentum is gaining traction. If it breaks past the MYR1.16 resistance, a bullish bias will emerge. In this scenario, the momentum may lift the stock towards the next resistance at MYR1.25, followed by the MYR1.30 mark. However, breaching the MYR1.05 support resumes the correction phase.
Source: RHB Securities Research - 5 Sept 2024
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