Figure 1.0 - Price Chart of SERNKOU

Sern Kou Resources Bhd (SERNKOU, 7180) has seen significant price upward momentum as showcased by the EMA10/MA10 Crossover, together with a strong influx of capital represented by the red bar below. We strongly believe that SERNKOU will challenge the previous 52-weeks high of RM1.00 (R1) over the next few trading days, as evidenced by the strong support on RM0.920 (S1) and RM0.950 (S2) levels. Should SERNKOU breach R1, the stock should reach all-time highs with no visible resistance at the moment.

We think that a trading buy opportunity emerged for SERNKOU.