SKP Resources may rebound higher, says RHB Retail Research

TheEdge Thu, Jan 30, 2020 07:58am - 4 years View Original


KUALA LUMPUR (Jan 30): RHB Retail Research said SKP Resources Bhd may rebound higher after it continued holding above the RM1.45 support.

In a trading stocks note today, the research house said with the 21-day SMA line edging upwards, this implies a positive outlook sentiment.

“A positive bias may emerge above the RM1.45 level, with an exit set below the RM1.45 mark.

“Towards the upside, the immediate resistance is at the RM1.59 level, followed by the RM1.70 threshold,” it said.

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