RHB Retail Research
Trading Stocks - SKP Resources
SKP Resources is extending the uptrend at full throttle. The stock jumped above the resistance of MYR2.05, on higher trading volume. The next resistance level is marked at MYR2.20. If it clears the said resistance, the share price may challenge its all-time high of MYR2.35. A downside breach of the MYR1.97 support would nullify this expectation, and lead to a further share price correction.
Source: RHB Securities Research - 8 Dec 2020
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