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mwong3

mwong3 | Joined since 2014-08-21

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Stock: [KNM]: KNM GROUP BHD

2023-09-13 14:14 | Report Abuse

The KNM chart pattern bears a striking resemblance to Livermore's Speculative chart, particularly in its current cycle 7. It appears that KNM is on the cusp of concluding its accumulation phase, characterized by a widening mouth in the accumulation cylinder. Now, the focus is on the upcoming phases, namely cycles 8, 9, and 10, which historically tend to be profitable and bullish.

In terms of support and resistance levels, KNM currently finds immediate support at 0.100/0.075. Conversely, it faces immediate resistance at 0.135, with a subsequent resistance level at 0.170. The near-term outlook suggests that KNM may soon test the 0.135 resistance level. Once it manages to breach this immediate resistance, it's likely to make a push towards testing 0.170.

Certainly, if your plan is to initially buy at 0.105 and then consider adding more positions after KNM breaks above 0.135, here's trading plan:

Stock

Stock: [KNM]: KNM GROUP BHD

2023-07-31 14:46 | Report Abuse

KNM: The stock has experienced a price action breakout at $0.095, following a period of two months of consolidation. This breakout is considered a highly promising bullish signal, suggesting the beginning of a potential bull rally stage 2 with upward momentum likely to continue. The current chart analysis indicates a steep upward trajectory, represented by a 45-degree angle slope, indicating that the rally is still in its early stages. As per technical analysis, this suggests the potential for an extended and prolonged rally in the future.

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Stock: [KNM]: KNM GROUP BHD

2023-07-29 20:11 | Report Abuse

KNM Technical Analysis - Potential Bullish Breakout and Volume Analysis

Summary:
In this technical analysis of KNM, we highlight potential bullish indications as the stock entered Stage 2 on 2nd of June after breaking away from RM0.075. KNM has been trading in a rectangle trading range between RM0.075 and RM0.095. Recently, there was a significant volume spike with a green candle, signaling an attempt to cross the RM0.095 resistance level. Additionally, Volume Spread Analysis indicates a double Point of Control (POC) at RM0.06 and RM0.085, suggesting a healthy marking up of the volume profile. Let's closely monitor its performance over the next two weeks.

Detailed Analysis:
KNM's price action showed a significant breakout on 2nd June after surpassing the RM0.075 level. Since then, it has been trading within a rectangle trading range, with support at RM0.075 and resistance at RM0.095.

The recent bullish signal came with a surge in trading volume, which is a positive sign. This green candle indicates an attempt to break above the resistance level at RM0.095, potentially leading to further price appreciation.

Moreover, Volume Spread Analysis indicates that KNM has established double Points of Control (POC) at RM0.06 and RM0.085. This implies a healthy marking up of the volume profile and indicates strong interest and support from traders and investors.

Considering these technical factors, KNM appears to have potential for a bullish breakout in the near term. However, as with any investment, it's essential to closely monitor the stock's performance and be aware of any market developments or news that could impact the price.

Looking ahead, it is prudent to observe KNM's price action over the next two weeks to assess whether it can sustain its upward momentum and potentially breach the resistance at RM0.095. Traders and investors should exercise caution, employ proper risk management strategies, and consider their own risk tolerance before making any trading decisions.

Please note that the analysis provided here is for informational purposes only and should not be considered as financial advice. The market is subject to various factors, and past performance is not indicative of future results. If uncertain, seek advice from a qualified financial professiona+