KNM's downtrend should continue after closing below the RM0.70 support level yesterday. A position can be liquidated below the level and supports are expected at RM0.65 and RM0.60. A close back above RM0.70 could see the return of buying but it is only confirmed on a close above RM0.76. This will lead to a rebound and resistance levels are at RM0.88 and RM0.94.
What happened to our once darling stock KNM ? Today the closing price is at RM 0.60/share. Wondering whether there are any monkey business going on? If not, why is the price so low...... now? Any good advice from our fund managers? Maybe, at this pace, soon it may enter PN17? Just my opinion!!!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
LEE AH HAI MIKE
What happened to our once darling stock KNM ?
Today the closing price is at RM 0.60/share.
Wondering whether there are any monkey business going on?
If not, why is the price so low...... now?
Any good advice from our fund managers?
Maybe, at this pace, soon it may enter PN17? Just my opinion!!!!
2012-08-09 19:26