SERNKOU strong breakout, the show should continue!
Strategy: Price Volume Analysis
Bias: Bullish. After recorded a 0.98 high back on 1 Nov 2019, the price started to drop in the pass 2 months, with diminished volume.
On 6 Jan, downtrend line was broken with significant volume. After the bad market yesterday due to the US-Iran tension, Sernkou came back stronger. It has made a bollinger band breakout as well.
Today it broke RM0.910 resistance with volume and closed high at RM0.935! If the momentum sustained, there should be a very positive movement in near term. Previous high resistance at RM0.980, after the immediate resistance of RM0.950.
Support: 0.910
Kindly like and comment to support if you agree with this trading idea! Thank you everyone and wish you all the best!
Bias: Bullish. After recorded a 0.98 high back on 1 Nov 2019, the price started to drop in the pass 2 months, with diminished volume.
On 6 Jan, downtrend line was broken with significant volume. After the bad market yesterday due to the US-Iran tension, Sernkou came back stronger. It has made a bollinger band breakout as well.
Today it broke RM0.910 resistance with volume and closed high at RM0.935! If the momentum sustained, there should be a very positive movement in near term. Previous high resistance at RM0.980, after the immediate resistance of RM0.950.
Support: 0.910
Kindly like and comment to support if you agree with this trading idea! Thank you everyone and wish you all the best!
Trade closed: target reached:
In one day time, SERNKOU reached the first TP zone at RM0.95, with a high of RM0.96. Congrats everyone followed :)