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
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Trade closed: target reached
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In one day time, SERNKOU reached the first TP zone at RM0.95, with a high of RM0.96. Congrats everyone followed :)