RHB Retail Research
Technical Analysis - SKP Resources
SKP Resources has been trading above the MYR1.22 support over the past three weeks and tested the MYR1.30 resistance in its latest session. A bullish bias may emerge above the MYR1.22 threshold, with the subesequent resistance pegged at MYR1.39, followed by MYR1.45. For risk management purposes, a stop-loss can be placed below the support level.
Source: RHB Securities Research - 16 Nov 2018
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