KUALA LUMPUR (Jan 17): RHB Retail Research said SKP Resources Bhd may rise higher after it breached above the RM1.20 threshold.

In a trading stocks note today, the research house said in view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook.

“A bullish bias may emerge above the RM1.20 level, with an exit set below the RM1.10 threshold.

“Towards the upside, the immediate resistance is at RM1.32. This is followed by the RM1.40 level,” it said.