Support: 88.0 sen

Resistance: 90.0 sen, 92.0 sen

Our technical analysis has identified a robust support level for Sern Kou at RM0.880, accompanied by notable trading volume. Both the Fibonacci retracement and our proprietary MACD and EMA divergence indicators suggest that, despite Sern Kou closing marginally lower by one tick yesterday, there is substantial momentum building. This momentum indicates a potential retest of the key resistance levels at 90.0 sen and 92.0 sen in the near term.

We maintain a ‘BUY’ rating for Sern Kou, anticipating continued strength in its technical setup.