RHB Retail Research
Technical Analysis - SKP Resources
SKP Resources may rebound further after it tested the MYR1.04 support in recent sessions. Given that the stock formed a “Hammer” pattern on 29 Nov, this indicates a potential rebound. A bullish bias may appear above the MYR1.04 level, with an exit set below the MYR1.04 threshold. Towards the upside, the near-term resistance is at MYR1.22. This is followed by the MYR1.32 level.
Source: RHB Securities Research - 3 Dec 2018
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