SERNKOU gained 2.5sen (+2.87%) to close at RM0.895 yesterday.
Chart-wise the share has been on a downtrend since early-November but has found support at its 50-day SMA.
Yesterday’s candlestick was the third bullish candlestick, signifying strong buying momentum. Coupled with a potential bullish MACD-Crossover, we thus expect the share to continue trending upwards.
Should the share continue heading north key resistance levels are seen at RM0.930 (R1) and RM0.960 (R2).
Conversely, key support levels can be seen at RM0.850 (S1) and RM0.805 (S2).
KESM (Not Rated)
KESM gained 16.0sen (+1.87%) to end at RM8.72 yesterday.
Chart-wise, the share has been on an uptrend since early-September.
Yesterday’s candlestick continued to close higher above all key-SMAs backed by above average trading volume. Despite its RSI appearing to be hovering at overbought levels, we believe the share could trend higher as all key-SMAs appears to be healthy.
From here on key resistance can be found at RM9.10 (R1) and RM9.50 (R2).
Conversely, downside supports can be identified at RM7.60 (S1) and RM7.00 (S2).
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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....