Technical Outlook: Sern Kou Resources stock price reaches a new high! How does the technical analysis look?

Sern Kou Resources(7180) The stock price has broken through its limit today! It has consecutively broken through RM0.900, RM0.920, RM0.940, and the key psychological resistance level of RM1.000, closing at RM1.020! From our observation, this volume-led breakthrough (as shown in the figure below) will bring a new wave of increase to Berjaya Resources, leading to a new trend.

In the short term, although the company has no new developments, the company's major shareholders have continuously repurchased stocks in the long term. There will definitely be good news coming from the company in the future. We believe that this breakthrough will be a good entry point!