KLSE Stocks Review

KNM (7164) The Story behind the Chart of KNM GROUP BHD

ChartStory72
Publish date: Fri, 25 Jun 2021, 01:02 PM
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KNM 7164 
 
Overall prices are in a ranging downtrend. Of course it is always not good to trade downtrending stocks because you are going against the trend. However, prices are approaching a few potential rebounding zones which presented us opportunities? I will let you decide that for yourself. 
 
Notice whenever prices got rejected from the High Level Dumping Zone, prices will drop all the way down? It's just like it is planned all along. Now that prices are approaching potential support zones, the buying power may send prices to execute a small rebound at least in the short term. The strongest rebounding area would be the Support Triangle, or to the bankers, the Collection Triangle. 
 
However, if prices breakthrough all the way down then the bankers have abandoned this stock and sold all their shares, so we should not linger around any longer as well. 
 
Industry: Energy Resources. 
 
In this fast-moving digital world, we get information in a few clicks. 
However, we rarely get first-hand information and more often we get misleading news.
Investing in stocks today is very different from the past, but one thing hasn't changed - to study about a stock before putting money in.
 
A stock chart contains data that is publicly available and accurate by itself. By having certainty in data quality, we can comfortably study charts and make investment judgements.
At Chart Story, we believe stock prices move for a reason. Our objective is to share what we believe.
 
Come join us on Telegram and PM us to learn more and request for the stocks you need reviewing for FREE. 
 
Telegram : https://t.me/thechartstory

 

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