Sern Kou Resources was testing the RM0.98 level during its intraday high. With an RSI above 70%, it may move above this mark with a target price of RM1.05, followed by RM1.12. Meanwhile, it may drift sideways if it fails to cross RM0.98 in the near term. Support is anticipated at RM0.89, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy upon breakout above RM0.98

Target: RM1.05, RM1.12 (time frame: 3-6 weeks)

Exit: RM0.89

Source: AmInvest Research - 6 Nov 2019