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Consolidation Pattern Spotted – SERNKOU (KLSE: 7180)
Consolidation Pattern Spotted – SERNKOU (KLSE: 7180)
We spotted a near-flag pattern for SERNKOU at this juncture, and this could very well decide the future price movement for the company. We deem this is a very good opportunity for traders to position themselves to buy at near support level (RM0.670 as S1, RM 0.650 as S2) and take profit at a better risk-reward ratio level.
Support: RM0.650, RM0.670
Resistance: RM0.705, RM0.750
TP: RM0.750
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Ride The Bull Short The Bear
CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
