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. The recent downward movement in price has brought us to the technically important level of 0.415. Failure to find support at this level may accentuate the bearish move. The RSI indicator is giving a reading in the oversold region. This may indicate the price decline may be over-extended. The price and volume action at the 0.415 support level is to be monitored carefully.
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 0.415. 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.
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. With the general downward movement, the price now lies well below the resistance of 0.445.
still not make a good turn around yet. But no loss any more. people with knm long long time ago, should not abort now. For investment, we can diverse. Invest some in company that want to wake up such as knm, invest some at growing company, such as hibiscus, invest some in blue chip during bad market time. So when you balance your investment, sure one day, you have good return.
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. The recent downward movement in price has brought us to the technically important level of 0.405. Failure to find support at this level may accentuate the bearish move. The RSI indicator is giving a reading in the oversold region. This may indicate the price decline may be over-extended. The price and volume action at the 0.405 support level is to be monitored carefully.
Posted by asriruslan > Dec 17, 2013 10:05 AM | Report Abuse company buy back will support any selling pressure
Questions 1) Is it the company's business to support share price? 2) Is KNM share price cheap now that company should buy back its undervalued shares? 3) If you think the share price is cheap, what metrics do you use? 4) Where does KNM get money to buy these shares? 5) Company buys back shares, are you happy the share price is not going down any more, or should you the share price to go up? 6) So is the share price going up when company announced and started share buyback, or the money just thrown in without seeing any results? 7) If the share price eventually go up (if ever), whom do you think will benefit, you as a minority shareholder, or the major shareholder? 8) Who has the control of this up and down share price of KNM?
the fooking mat salleh buy at 48 sen few weeks ago, past few days sold everything at 41-43 sens. now he no more stock liao, so syndicates come and push it up la... :)
stavenger? Norway? hope not jump gun on "Norwegian, the Royal Norwegian Navy vessels have since 1946 been given the ship prefix "KNM", short for Kongelig Norske Marine (Royal Norwegian Navy)." - which nothing to do with contract... any other lead on this?
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 > 2013-12-04 09:30 | Report Abuse
the good thing knm start buy back