Despite the heavy correction of non indexed counters where some counters even dropped by a whopping -17%, KNM did very well by closing at 46.5 cents(overnight level) and this is the third consecutive day where it had closed in bullish state since it broke out of the 200 days MA on Monday, Nov 11 2013..
With KNM closing in bullish state for 3 consecutive days...Is this a prelude to better days ahead for KNM....?
Immediate resistance is 49.5 cents and my take is the resistance level of 49.5 cents will be taken out today. Once 49.5 cents has been taken out, the Next resistance level is 61 cents...
i think can up to 0.6, should be no problem. this trend prove that sure got good news behind. most related is singapore listing. if listing success, more than 0.7 also no problem.
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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....
wcs0201
885 posts
Posted by wcs0201 > 2013-11-13 14:38 | Report Abuse
pls elaborate :) thx !