AmInvest Research Reports

Stocks on Radar - Sern Kou Resources (7180)

Publish date: Thu, 27 Jan 2022, 09:12 AM
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Sern Kou Resources rose and touched the RM0.745 resistance level. With its RSI indicator pointing upward, coupled with a higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.78, followed by RM0.805. The downside support is marked at RM0.685. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.745

Target: RM0.78, RM0.805 (time frame: 2-4 weeks)

Exit: RM0.685

Source: AmInvest Research - 27 Jan 2022

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