RHB Retail Research
Trading Stocks - SKP Resources
SKP Resources may rebound further after it tested the MYR1.24 support in its latest session. Given that it has formed a positive candle for the second consecutive session, the positive sentiment has been enhanced. A positive bias may emerge above the MYR1.27 level, with an exit set below the MYR1.24 threshold. Towards the upside, the immediate resistance is at MYR1.39. This is followed by the MYR1.47 level.
Source: RHB Securities Research - 5 Nov 2019
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