It is a good news if KNM really drops below 40c. Still remember KNM dropped to around 33c in 2008. Compare to that time, its current financial condition is in more healthy state. If u have enuf bullet, can start to buy now, probably 0.465 is not the lowest, but it is almost there
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 0.465. 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 0.465 support level is to be monitored carefully.
KNM is going to go through hard times, especially if you take in to consideration the internal announcement from petronas today. Take your money if you can and go quickly.
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....
LuoLi
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Posted by LuoLi > 2016-01-14 17:53 | Report Abuse
Top up knm 0.465