SERNKOU, Can It Deliver Another ATH?
Bias: Bullish. Trading interest in SERNKOU has been increasing since early Aug as seen by the volume , and SERNKOU reached ATH of 0.980 exactly a month ago, on 4th Nov 2019. The correction following that had been so far healthy; there was a small rally after the price touched the medium period MA line. Now, the candlestick interaction with the key fibonacci level could be an oppurtunity.
Stop-loss: 0.795
// The recent low point 0.800.
1st target: 0.980, 1.00
// Previous high as minor resistance, whole number resistance
2nd target: 0.520
// Historical resistance as major resistance.
Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune!
Guys, if you like the idea, please "like" it, this will be the best thanks.
If you have any questions or trading ideas, please post them in comments!
Thank you for your support, we appreciate it.
Stop-loss: 0.795
// The recent low point 0.800.
1st target: 0.980, 1.00
// Previous high as minor resistance, whole number resistance
2nd target: 0.520
// Historical resistance as major resistance.
Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune!
Guys, if you like the idea, please "like" it, this will be the best thanks.
If you have any questions or trading ideas, please post them in comments!
Thank you for your support, we appreciate it.
Comment:
Update: 2nd target is RM1.26.
Trade closed manually:
Time and indicator factor implies that price weakness has surfaced in SERNKOU.
Thus, suggest to manually close or at least reduce position even though price is still above original stop-loss.
Thus, suggest to manually close or at least reduce position even though price is still above original stop-loss.