KNM has been trading above its upward sloping 20-Day Moving Average which is a good sign. It is important to calculate the risk/reward as the recent upward movement has pushed the price to be quite far from the support level of 0.405.
From the chart, the next resistance to break will be 0.45 after retrace to 0.43. If 0.45 has break through successfully, the next resistance to break will be 0.475 then after that will be 0.495. The current trading price support level will be 0.43 and then 0.405. The last support level will be 0.39, if this is break then the downward trending could be expected.
This is just my perspective view from some TA , pls dont laugh at me :)
KNM has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition the support level of 0.425 which has been tested successfully, may provide the springboard for the trend to continue.
Be ware of wolf is coming, always use Borsing and new contract to push up the share price. last november alot of employee at bukit rambai had been terminated, no order!!!
no need people tell....when ex-KNM staffs looking for job from other O&G companies....can see from their resume mah.....oic....working at KNM before lor.....
it tanthu one of the interviewer recruiting new staffs for the O&G company lor......hahahaha
KNM has been trading above its upward sloping 20-Day Moving Average which is a good sign. This has brought the price to the resistance of 0.46 where we expect a good fight between the bulls and the bears. For the upside to continue, the resistance needs to be broken conclusively, preferably with high volume. The RSI indicator is giving a reading in the overbought region. While this is expected given the recent upward movement, it also gives a warning that the current movement may be over-extended.
Tanthu: You better dont take those peoples whom has been terminated from Bukit Rampai factory. Those are the culprits who result the company sink. As an instance result, the company share rose 2 cents this morning after having the big clean up.... I only interest to the share lift, the company fire who is non of my business.
One of the "angmo" COO has resigned. No thank for his non-contribution to turnaround the company in the downtime but spending expensive salary. Now only left one angmo counting day...
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
2,081 posts
Posted by asriruslan > 2013-12-31 12:20 | Report Abuse
KNM has been trading above its upward sloping 20-Day Moving Average which is a good sign. It is important to calculate the risk/reward as the recent upward movement has pushed the price to be quite far from the support level of 0.405.