when knm share price going up, please sell la.. cash out and invest in other counters, if you thought unrealized loss is not loss then you are wrong, opportunity cost is your biggest loss by holding a hopeless company..
Positives are abound for KNM, very good 3 Qtr result, listing Borsig, profit on sale of Brazil unit, new projects etc etc.
And, also with Felda Global Ventures Bhd's purchase of Mission NewEnergy biodiesel plant in Kuantan for US$11.5Mil, KNM could well be collecting its RM 50 Mil being owed by Mission Biofuel SB soon??
KNM stock price trend charts is already screaming out loud that it had reversed from downtrend to UPTREND since Nov 11 2013...KNM is now in BULLISH mode...The worst is already over for KNM...KNM price is already on UPTREND and will go higher from now onward
Why? KNM fundamental will improve going forward...It cant get worst than what it had in the past...
KNM has been trading above its upward sloping 20-Day Moving Average which is a good sign. Furthermore, the next resistance level is quite far at 0.495.
When KNM can collect the RM 50 Millions being owed by Mission Biofuel SB, its profit will go up by RM 50 Millions and its cashflow will get a RM 50 Millions boost.
i notice that KNM has repurchased a total of 23millions of its issued shares from open market since 2009, and the avarage price paid for the shares repurchased was RM2.30/share.
Chart data are starting to indicate that recent price consolidation since KNM broke out on Nov 11 2013 may be nearing its end...Looks like KNM price will break out of current consolation mode and move UPWARD..
KNM has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition the support level of 0.445 which has been tested successfully, may provide the springboard for the trend to continue.
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....
yungshen1
2,134 posts
Posted by yungshen1 > 2013-11-23 21:24 | Report Abuse
next monday break 0.500