Rakuten Trade Research Reports
Technical View- KNM Group Bhd
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Publish date: Tue, 15 Dec 2020, 09:08 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
KNM Group Bhd (7164)
• KNM closed at RM0.225 yesterday.
• Chart-wise, share price has been on a gradual uptrend trading above key moving averages lines, indicating positive signals. With Brent crude oil price moving above USD50 per barrel recently, we expect renewed buying interest potentially staging a bullish breakout.
• As such, resistance levels are identified at RM0.27 (R1) and RM0.31 (R2) level.
• Conversely, support levels are set at RM0.17 (S1) and RM0.14 (S2)
Source: Rakuten Research - 15 Dec 2020
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