Rakuten Trade Research Reports
Technical View - Sern Kou Resources Bhd (SERNKOU, 7180)
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Publish date: Tue, 07 Jan 2020, 09:36 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/
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Sern Kou Resources Bhd (7180)
• SERNKOU gained 3.6% or 3 sen to RM0.855 yesterday.
• SERNKOU has been in a consolidation phase for some time and yesterday saw a bullish breakout from its support level on the back of higher volume. With the improving key indicators, we expect it to challenge the resistance level at RM0.90 and head towards RM1.00 level.
• From here, resistance levels are expected at RM0.90 (R1) and further to RM0.98 (R2).
• Conversely, downside support levels can be identified at RM0.80 (S1) and RM0.75 (S2).
Source: Rakuten Research - 7 Jan 2020
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