Sern Kou Resources shot up and formed a long white candle in its lastest session. With an RSI level above 60%, it may continue to climb above the resistance price of RM0.895. If this happens, its short-term target price will be RM0.95, followed by RM0.98.In this case, the downside support is anticipated at RM0.85, whereby traders may exit on a breach to avoid the risk of a further correction. Trading Call: Buy on continuation above RM0.895

Target: RM0.95, RM0.98 (time frame: 3-6 weeks) Exit: RM0.85

Source: AmInvest Research - 8 Jan 2020