RHB Retail Research
Technical Analysis - SKP Resources
SKP Resources
SKP Resources was testing the MYR1.34 level in recent sessions. A bullish bias may be present above this point with a target price of MYR1.44, followed by MYR1.52. The stock may take a breather if it cannot breach above the MYR1.34 threshold in the coming sessions. Support may be found at MYR1.17, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 13 Sept 2018
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