Yesterday, KNM rose 0.50 sen (+1.10%) to close at RM0.460.
Chart-wise, the share has been on a rally since the end of last year, which saw it currently trading steadily above all of its keySMAs.
As its momentum indicators remain encouraging, we believe that the bullish momentum may persist on the back of its stronger-than-average trading volumes.
Expect the share to trend higher to test the resistance level at RM0.520 (R1) and RM0.575 (R2)
On the other hand, support levels can be found at RM0.360 (S1) and RM0.300 (S2).
SALUTE (Not Rated)
SALUTE gained 5.50 sen (6.25%) to end at RM0.935 yesterday.
Chart-wise, the share has been on a steady uptrend since July this year.
Coupled with bullish MACD indicator, we believe the share could move higher.
Should the buying interest persist, the key resistance levels to look out for are RM1.25 (R1) and RM1.10 (R2).
Conversely, downside supports can be identified at RM0.800 (S1) and RM0.660 (S2).
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 6072 views | 5 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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