I did make a prediction sometime ago..which was fairly accurate..knm is a dying share today..perhaps not tomorrow..no point in having share market jargon talk all this while..think simple knm low profit..no local ong contract..no sgx listing in sight..knm is dying and will continue to drop..
Phye, thks for ur analysis bout the trend, i hold it quite long, finally cut loss as even it rebound each time, also cant touch my enter price... N just now i recall back my memory, found that u are right!! KNM trend really rise b4 report out n once it financial report announce to public, price fall n fall....
dun rush and panic. see knm third larger shareholder (credit suisse invesment banking and securities invesments) date 18-9-2013 holding 64,000,000 (4.36%) it will goreng up soon. please buy low sell high
not more than 100 lots, but continue buy when drop back to 40c. just buy and keep lah. we can see knm start turn around. But need time. waiting for singapore listing news also.
Support level at 46 cents was breached...downtrend emerges...am already OUT...KNM will consolidate with downside bias ....Time to look at other more promising stocks with better TA and FA....
Very important to understand and act upon the following...
"DO NOT fall in love with any stocks as the stocks WILL NOT love you...The moment any stock breached its 200 days MA JUST SELL..
yungshen1, The most important 1st rule on investment is don't lose money....the second rule is don't forget the first rule
I approach investment on strictly objective analysis of FA supported by TA. The FA is not that good based on latest quarterly report...I understand based on latest info I had sourced is that RAPID will still go on but on much scaled down version as PETRONAS had committed alot at Canada Shale Gas project...I was quite optimistic that this time around KNM can maintain its bullish mode...but KNM had disappointed my expectation so I got out...
If KNM does turn bullish again I will relook at it but I rather spend my time to identify better fundamental stocks that I do not need to monitor closely as KNM...KNM just took much of my time..so I decided to get out
An important but bearish development took place on 29 November 2013 where the price of KNM broke the support level of 0.445. This breakout was accompanied by a higher than average traded volume which shows the bearishness of the traders to push the price lower and past this support hence pointing to a higher probability of a bearish breakout.
KNM is trading at its support of 0.43. It is important to monitor the price volume action near this 0.43 level to determine whether this support level will hold.
Technically, it is not looking good for KNM as its 20-Day Moving Average is sloping downward and its price action is below the Moving Average line. This is further compounded by the recent bearish breakout of the support level of 0.43. If a bearish breakout is accompanied by high volume, this indicates the unwillingness of a large pool of traders to hold on to the stock as selling pressure mounts at the support level. This bearish breakout of KNM was accompanied by a lower than average volume which may give a glimmer of hope, however one has to be monitor carefully the price action in the coming sessions.
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....
31153115
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Posted by 31153115 > 2013-11-29 09:53 | Report Abuse
Our KNM HERO mfbs, when can you be the substantial shareholder and become one of the board member, then we can have insider news!!!