Stocks on Bursa Malaysia ended the day lower yesterday on weak market sentiment, after US equities closed lower on Friday, amid global economic growth concerns.
Chart-wise, the stock has been trading in a range between RM0.750 to RM0.850 for the past months. Momentum indicators continue to show meaningful upticks and the 20-day SMA has just crossed above the 50-day SMA yesterday for the first time since October 2017. From here, we expect the stock to face resistances at RM0.925 (R1) and RM0.995 (R2). On the other hand,...
SKPRES has gapped- - up to close above the EMA20 level accompanied by improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI has risen above 50. Price may advance, targeting the RM1.63- - RM1.75 levels. Support will be pegged around the RM1.34 level
stock seems to will be stable in future, however monitor first