KUALA LUMPUR (Dec 30): RHB Retail Research said SKP Resources Bhd may rebound further after it tested RM1.32 support in recent sessions.

In a trading stocks note today, the research house said with the 21-day SMA line edging upwards, this suggests additional strength may be present in the coming sessions.

“A positive bias may emerge above the RM1.32 level, with an exit set below it.

“Towards the upside, the immediate resistance is at the RM1.46 level, followed by the RM1.53 threshold,” it said.