RHB Retail Research
Technical Analysis - SKP Resources
SKP Resources may move higher after it tested the MYR1.32 support recently. Given that it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR1.40 level, with an exit set below the MYR1.32 threshold. Towards the upside, the near-term resistance is at MYR1.52. This is followed by the MYR1.63 level.
Source: RHB Securities Research - 27 Sept 2018
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