Technical Buy - KNM (7164) - PublicInvest Research

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Author: PublicInvest | Latest post: Thu, 21 Jan 2021, 11:57 AM

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Technical Buy - KNM (7164)

Author: PublicInvest | Publish date: Tue, 24 Nov 2020, 10:34 AM

Target Price: RM0.215, RM0.230
Last closing price: RM0.200
Potential return: 7.5%, 15.0%
Support: RM0.185
Stop Loss: RM0.175

Possible for further recovery. KNM is recovering from its consolidation phase. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.200 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.215 and RM0.230.

However, failure to hold on to support level of RM0.185 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 24 Nov 2020

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Labels: KNM

Related Stocks

Chart	Stock Name	Last	Change	Volume
	KNM	0.185	-0.005 (2.63%)	20,984,300

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