The support and resistance level of KNM are 0.4 and 0.415 respectively. It is observed that the MACD line of KNM is below the centreline indicating some degree of weakness in the price movement.
KNM recently disposed off in September their investment in Brazil and made some profit on the sale of investment...the key info is on whether KNM does indeed make significant profits from their fabrication business...not accounting profits...Even if there is accounting profit it will not have much impact on the share price...the market is looking for real significant operational profits derived from its fabrication business..
Just study te chart , te closing price is above te SMA 20 & 50 . Bolinger band also open alody ...... just pending some gd news to support . But not so far can go , 0.45 can hit .......
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
asriruslan
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Posted by asriruslan > 2013-11-06 08:38 | Report Abuse
The support and resistance level of KNM are 0.4 and 0.415 respectively. It is observed that the MACD line of KNM is below the centreline indicating some degree of weakness in the price movement.