RHB Retail Research
Trading Stocks - SKP Resources
SKP Resources was testing the MYR1.50 level recently. A bullish bias may be present above this point, with a target price of MYR1.59, followed by MYR1.70. The stock may take a breather if it cannot breach above the MYR1.50 mark decisively in the coming sessions. Support may be found at MYR1.36, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 21 Feb 2020
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