On 8 May 2015, we placed a ‘Trading Buy’ call on KRONO with a target price of RM0.41 (its all-time high level and +1 SD regression level). However, KRONO did not perform as expected, as the share price reversed its trend after hitting the mean regression line at RM0.375. Chart-wise, KRONO gapped down yesterday to close at RM0.255, triggering our stop-loss at RM0.30. Indicator-wise, the bears dominated the bulls with MACD and RSI trending downwards. Thereby, we are placing a “Stopped-out’ call on KRONO.
Source: Kenanga Research - 2 Jun 2015
Chart | Stock Name | Last | Change | Volume |
---|