I think some members here are trying to tell that KNM no longer correlated to oil price or to be exact, some economist termed it as "decoupling" ... Sadly this is not the case !
KNM has been riding on the oil price since 2012, even a handicapped stock like KNM had climbed Everest and now when the oil price at the bed of the ocean, they disown the oil price.
Now the oil price is the forgotten son and KNM thinks with or without the oil price their business is always "not affected". What a bull shit !!
KNM is the darling of syndicates, like it or not. The volume last week averaged about 100m everyday and if goes by maths, the company could have been taken private by the syndicates in 15 days. But sadly, the volume was only churning "buy sell buy sell" with no intention to Invest into the company.
Judging from the dwindling volume yesterday and today, the interest in this KNM is waning. The first layer of money already in the pocket and syndicates will move on the second liners like PDZ, Sumatec, GPA, Tiger, K1, Daya that have not moved thus far. ... but sure KNM will be left behind.
If anyone still think KNM will have a good run, better think twice.
@telusterang, why do you bother wasting your time commenting here when you don't think it's a good stock to invest? @newbie888, it's hard to say. There's still a bullish momentum going on here, but traders will mostly take small profits based on TA indicators at overbought territories. If it will break the resistance at RM0.64, I'd say we have to wait a couple more days so that indicators to stabilize. Only then traders are willing to buy.
newbie888, Questions 1. At the bottom of the chart, did you read the usages? 2. If I say drop, you sell, and it goes up, how? 3. If I say up, you buy, and it goes down, how?
Sorry to disappoint everyone, I can't answer. I am still holding at 74th floors waiting for the elevator to come up. ;)
You have to start studying Technical Analysis. It does give an edge in trading.
All the best to you and those who are stuck higher than me. Again, same old thing, this is not a sell or buy call. Look see, look see, ok.
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....
SP0094701
654 posts
Posted by SP0094701 > 2015-01-27 07:03 | Report Abuse
Yes rebound to day us and europ share all green .