AmInvest Research Reports
Trading Stocks - Sern Kou Resources (7180)
AmInvest
Publish date: Tue, 17 Sep 2019, 09:45 AM
AmInvest
0 9,391
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Sern Kou Resources surged past the resistance price of RM0.595 in its latest session. With the momentum indicator RSI above 60%, the short-term momentum could reach a target price of RM0.66, followed by RM0.715. If it dips below RM0.595, it will move sideways and consolidate. Support price is anticipated at RM0.56 whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM0.595
Target: RM0.66, RM0.715 (time frame: 3-6 weeks)
Exit: RM0.56
Source: AmInvest Research - 17 Sept 2019
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