RHB Retail Research

Technical Analysis - SKP Resources

rhboskres
Publish date: Fri, 16 Nov 2018, 08:52 AM
rhboskres
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RHB Retail Research

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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