RHB Retail Research
Trading Stocks - SKP Resources
SKP Resources formed a long white candle, indicating that the momentum of buying could be strong. With the 21-day SMA line edging upwards, this implies a positive outlook sentiment. A positive bias may emerge above the MYR1.36 level, with an exit set below the MYR1.32 threshold. Towards the upside, the immediate resistance is at the MYR1.53 mark. This is followed by the MYR1.63 level.
Source: RHB Securities Research - 6 Jan 2020
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