Rakuten Trade Research Reports
Technical View - Sern Kou Resources Bhd (SERNKOU, 7180)
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Publish date: Tue, 22 Oct 2019, 10:39 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Sern Kou Resources Bhd (7180)
• SERNKOU surged 7.1% or 6 sen to RM0.91 yesterday.
• Share price hit an all-time high at RM0.91 yesterday with a long bullish white candle. Share price has most likely completed its much-need consolidation and remains on bullish up-cycle trend.
• The bullish breakout with strong buying momentum coupled and positive technical indicator signals may see share price charting new highs possibly testing the RM1.00 level.
• As such, resistance levels are seen at RM1.00 (R1) and RM1.10 (R2).
• On the flipside, downside support levels are expected at RM0.87 (S1) and RM0.73 (S2).
Source: Rakuten Research - 22 Oct 2019
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