RHB Retail Research
Trading Stocks - SKP Resources
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
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