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!

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Kommentera:

Update: 2nd target is RM1.26.

Trade stängt manuellt:

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.