RHB Retail Research
Technical Analysis - SKP Resources
SKP Resources
SKP Resources was testing the MYR1.63 level in its recent trades. A bullish bias may be present above this point with a target price of MYR1.75, followed by MYR1.94. The stock may take a breather if it cannot breach the MYR1.63 threshold decisively in the coming sessions. Support may be found at MYR1.47, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 8 Jun 2018
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