Technical Update – SERN KOU RESOURCES BERHAD (KLSE: 7180)

Something is brewing in SERNKOU, that’s all I can say. I believe while fundamental is important in selecting stocks, immediate term price movements always tell stories. As for SERNKOU case, we could see that the recent outbreak on 60 cents level had proven a surge in buying interest. We also noted that the increased demand for SERNKOU might continue to cause the share to move towards north end.

Hence, we would like to share with you on our studies and immediate TP for SERNKOU.

Short term TP: 67.5 cents, 70.0 cents.

Last closing price: 64.0 cents (Historical R1)

Support: 60.0 cents, 58.5 cents