RHB Retail Research
Technical Analysis - SKP Resources
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SKP Resources may rebound higher after it continued holding above the MYR1.34 support. Yesterday’s candle sent the stock to its 3-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR1.44 level, with an exit set below the MYR1.34 threshold. Towards the upside, the near-term resistance is at MYR1.54. This is followed by the MYR1.63 level.
Source: RHB Securities Research - 11 Jul 2018
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