Sern Kou Resources Bhd (KLSE: SERNKOU) tested its short-term downtrend line on the RM0.710 resistance level (R1), but was however retracted back to RM0.705 levels on the subsequent trading day. Our team had observed a positive momentum candle closing at RM0.705, with stronger inflow of fund indicated by MTF, as well as better swing in price over the shorter term EMA indicator.

Any upsurge beyond RM0.710 point with volume may happen, as it could be the start of trend reversal beyond that point.

SP: RM0.680

RS: RM0.710