Rakuten Trade Research Reports
Technical View - KNM Group Bhd (KNM, 7164)
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Publish date: Thu, 26 Aug 2021, 03:17 PM
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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 closed at RM0.23 yesterday.
• KNM is currently testing its resistance level of RM0.24. Chart-wise, share price is trading above the upward sloping key moving average line indicating the upward momentum remains intact. Should it able to break the resistance level of RM0.24, we see higher potential for the stock to extend the momentum.
• Hence, resistance levels are identified at RM0.24 (R1) and RM0.27 (R2).
• On the contrary, support levels are pegged at RM0.22 (S1) and RM0.205 (S2).
Source: Rakuten Research - 26 Aug 2021
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