• Target Price: RM0.180, RM0.195
• Last closing price: RM0.165
• Potential return: 9.0%, 18.1%
• Support: RM0.160
• Stop Loss: RM0.145

Possible for further recovery. Without creating new lower-low, recent retracement seemingly made a halt and KNM’s share price is showing signs of potential recovery. Slightly improved 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 RM0.180 be broken, it may continue to lift price higher to the next resistance level of RM0.195.

However, failure to hold on to support level of RM0.160 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 3 Mar 2022