RHB Retail Research
Trading Stocks - SKP Resources
SKP Resources’ buying momentum may have returned after it recently rose above the 21-day SMA line. This upward momentum is likely to continue, given that it has posted a second consecutive long white candle. An upbeat bias may emerge above the MYR0.89 level, with an exit set below the MYR0.785 mark. Towards the upside, the immediate resistance is at the MYR1.08 level, followed by the MYR1.23 threshold.
Source: RHB Securities Research - 8 Apr 2020
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