RHB Retail Research
Trading Stocks - SKP Resources
SKP Resources may rebound further after it tested the MYR1.27 support in recent sessions. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A positive bias may emerge above the MYR1.30 level, with an exit set below the MYR1.27 threshold. Towards the upside, the immediate resistance is at the MYR1.40 mark. This is followed by the MYR1.46 level
Source: RHB Securities Research - 13 Dec 2019
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