KNM (Not Rated)
• Yesterday, KNM dropped 1.0 sen (-4.65%) to close at RM0.205.
• Despite yesterday’s loss, the share’s uptrend still remains intact which was accompanied by stronger-than-average trading
volumes.
• Technical picture, on the other hand, appears positive with its momentum indicators in a bullish convergence with the
uptrend.
• Recent moves saw the share retesting a key resistance level at RM0.225 (R1). Hence, a decisive breakout from R1 will likely
signal further gains towards R2 at RM0.250.
• Conversely, downside supports can be identified at RM0.150 (S1) and RM0.115 (S2).
ECONBHD (Not Rated)
• ECONBHD lost 2.0 sen (-3.10%) yesterday to end at the key support level at RM0.625.
• Chart-wise, the share’s recent sell down saw a formation of a “flag pattern” which could possibly indicate that the share is
merely taking a breather before continuing with its uptrend.
• Therefore, a rebound from a significant support level at RM0.625 may see a continuation of the uptrend towards RM0.830
(R1) and RM0.975 (R2).
• On the other hand, a decisive break below the aforementioned support level may see the share trending lower towards
RM0.515 (S1) and RM0.415 (S2)
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