RHB Retail Research
Trading Stocks - SKP Resources
SKP Resources may rise higher after posting a white candle for a second consecutive day. In view that the 21-day SMA line will likely begin turning upwards, this is an indication of a positive sign. A positive bias may emerge above the MYR1.12 level, with an exit set below the MYR1.07 threshold. Towards the upside, the immediate resistance is at the MYR1.25 mark. This is followed by the MYR1.30 level.
Source: RHB Securities Research - 16 Oct 2019
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