SKPRES 4H
The stock jumped and tested the RM1.77 resistance level with a white bullishcandle yesterday.A short-term uptrend is now underway given the higher highsand higher lows formation from its 52-week low of RM1.17.Traders may go long now or accumulate on a pullback, while setting a stoploss at RM1.57 (a tick below the 200-day EMA). On the upside, prices maycontinue to work their way higher towards the historical resistance of RM1.95followed by RM2.04 next.
Disclaimer : This is not a buy or sell call, just for educational purpose.
The stock jumped and tested the RM1.77 resistance level with a white bullishcandle yesterday.A short-term uptrend is now underway given the higher highsand higher lows formation from its 52-week low of RM1.17.Traders may go long now or accumulate on a pullback, while setting a stoploss at RM1.57 (a tick below the 200-day EMA). On the upside, prices maycontinue to work their way higher towards the historical resistance of RM1.95followed by RM2.04 next.
Disclaimer : This is not a buy or sell call, just for educational purpose.