PublicInvest Research

Author: PublicInvest   |   Latest post: Tue, 18 Jun 2019, 10:48 AM


Technical Buy: KNM (7164)

Author:   |    Publish date:

  • Target Price: RM0.210, RM0.225
  • Last closing price: RM0.190
  • Potential return: 10.5%, 18.4%
  • Support: RM0.180
  • Stop Loss: RM0.160

Possible for further upside. KNM is recovering from its pullback while the uptrend remains intact. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.210 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.225.

However, failure to hold on to support level of RM0.180 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 21 May 2019

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Labels: KNM

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KNM 0.185 0.00 (0.00%) 2,053,600 

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