RHB Retail Research
Trading Stocks - SKP Resources
SKP Resources was testing the MYR1.29 level in its latest session. A bullish bias may be present above this point with a target price of MYR1.34, followed by MYR1.40. The stock may take a breather if it cannot breach above the MYR1.29 threshold decisively in the coming sessions. Support may be found at MYR1.21, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 17 May 2019
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