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AmInvest Research Reports

Author: AmInvest   |   Latest post: Tue, 26 Oct 2021, 10:03 AM

 

Stocks on Radar - Sern Kou Resources (7180)

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Sern Kou Resources jumped and tested the RM0.655 resistance level. With its RSI indicator in an uptrend, coupled with a higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.685 and RM0.725. The downside support is projected at RM0.585. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.655

Target: RM0.685, RM0.725 (time frame: 2-4 weeks)

Exit: RM0.585
 

Source: AmInvest Research - 27 Sept 2021

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Labels: SERNKOU

Related Stocks

Chart Stock Name Last Change Volume 
SERNKOU 0.585 +0.015 (2.63%) 1,420,100 

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