Technical Update Review – 10th March 2022
SERNKOU (MYKL: 7180) had remained buoyant despite the board market sell down triggered by potential uncontrollable inflation and rate hike. We see limited selling pressure and well supported buying interest from RM0.735 (S1) and RM0.715 (S2) level. We see the immediate resistance being at RM0.765 (R1) and RM0.810 (R2). We are seeing increase in buying interest due to the up-trending share price momentum and we initiated an EP of RM0.715 level.
EP: RM0.715
S1 / S2: RM0.715 / RM0.735
R1 / R2: RM0.765 / RM0.810
TP: RM0.810