SKP Resources formed a long white candle yesterday – an indication of strong buying momentum. This close has sent the stock to its highest close in more than a month, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR1.11 level, with an exit set below the MYR1.00 threshold. Towards the upside, the near-term resistance is at MYR1.25. This is followed by the MYR1.32 level.

Source: RHB Securities Research - 10 Jan 2019