AmInvest Research Reports
Stocks on Radar - Sern Kou Resources (7180)
AmInvest
Publish date: Wed, 06 Nov 2019, 09:09 AM
AmInvest
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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 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
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