RHB Retail Research
Trading Stocks -SKP Resources
SKP Resources may rebound further after it tested MYR1.32 support in recent sessions. With the 21-day SMA line edging upwards, this suggests additional strength may be present in the coming sessions. A positive bias may emerge above the MYR1.32 level, with an exit set below it. Towards the upside, the immediate resistance is at the MYR1.46 level, followed by the MYR1.53 threshold.
Source: RHB Securities Research - 30 Dec 2019
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