RHB Retail Research
Trading Stocks - SKP Resources
SKP Resources is poised to extend the uptrend after breaking past the immediate resistance of MYR2.36 on the back of strong volume. Coupled with the 21-day SMA line trending higher, the bullish momentum may propel it towards the next resistance level of MYR2.43, followed by MYR2.52. Inversely, a downside breach of MYR2.26 would negate this expectation.
Source: RHB Securities Research - 14 Apr 2021
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