$SKPRES / 7155 (SKP RESOURCES BHD): Worth to put into the watchlist
On the latest trading day (19/4/24), $SKPRES / 7155 (SKP RESOURCES BHD) commenced at 0.885 and concluded at 0.865, exhibiting underperformance compared to the industrial products & services index. Presently, $SKPRES / 7155 (SKP RESOURCES BHD)'s performance is outlined as follows:
❌ Positioned below EMA20 and MA200 yet above MA70, indicating trading below short-term and long-term price averages but above mid-term levels. Waiting for the price to surpass EMA20 and MA200 before entering might be prudent.
❌ MACD remains above 0 but is on a downward trajectory.
❌ EFI registers below 0, signalling a downward price movement.
❌ Trading volume remains low.
❌ Overall chart depicts a downtrend.
Furthermore, this company has garnered attention primarily due to its superior fundamentals compared to peers $VS / 6963 (V.S. INDUSTRY BERHAD) and $ATAIMS / 8176 (ATA IMS BERHAD), evidenced by:
✅ Higher profit margin
✅ Elevated dividend yield
✅ Superior ROE
✅ Lower P/E ratio