RHB Retail Research
Trading Stocks - SKP Resources
SKP Resources is anticipated to resume its positive direction after it bounced off the 21-day SMA line on stronger trading volume. If it crosses above its immediate resistance of MYR1.89, the positive momentum will lead the stock towards the recent high of MYR1.97, before moving further to test the MYR2.06 historical high. Otherwise, falling below the MYR1.78 support or below the 21-day SMA line, may see it drift to a lower level.
Source: RHB Securities Research - 1 Sept 2021
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