RHB Retail Research
Trading Stocks- SKP Resources
SKP Resources has been showing signs of developing a minor consolidation below the MYR1.28 resistance. A breakout from this level could likely signal a rebound extension, which recently resumed after it completed a consolidation phase with the retesting of the 21-day SMA line. Subsequent resistance points are pegged at MYR1.33, followed by MYR1.45. A stop-loss can be placed below MYR1.17.
Source: RHB Securities Research - 22 Jun 2020
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