RHB Retail Research: SKP Resources may rebound further

RHB Retail Research says SKP Resources Bhd may rebound further after it tested the MYR1.02 support recently.

In a trading note, the research house says given that it has formed a white candle for the second consecutive session, the positive sentiment has been enhanced.

“An upbeat bias may emerge above the MYR1.11 level, with an exit set below the MYR1.02 mark.

“Towards the upside, the immediate resistance is at the MYR1.27 level, followed by the MYR1.40 threshold,” it says.

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