Sern Kou Resources is in the process of consolidating sideways – with strong buying interest shown recently – after attempting to hit the MYR0.755 immediate resistance. If the stock manages to surpass the immediate resistance, the bulls may travel towards the MYR0.80 resistance and then the MYR0.85 historical high. Conversely, falling below the immediate support of MYR0.68 will trigger the resumption of a downward correction – below the average line.

Source: RHB Securities Research - 3 Feb 2022