KNM Group has been consolidating range-bound during recent sessions. As the momentum indicator RSI has moved above 50%, there is a possibilibity it will break the immediate resistance of RM0.40, with a target price of RM0.43 followed by RM0.48. On the downside, support price is anticipated at RM0.35 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.40

Target: RM0.43, RM0.48 (time frame: 3-6 weeks)

Exit: RM0.35

Source: AmInvest Research - 30 Aug 2019