SKP Resources may rise higher after it breached above the MYR1.20 threshold. In view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook. A bullish bias may emerge above the MYR1.20 level, with an exit set below the MYR1.10 threshold. Towards the upside, the immediate resistance is at MYR1.32. This is followed by the MYR1.40 level.

Source: RHB Securities Research - 17 Jan 2019