Tuesday, December 7, 2010

Technical Analysis Dec 2010: KNM (7164)


KNM GROUP BERHAD 

Observation from Chart:-

6 Dec 2010, retest support level RM1.92

On the late evening of 6 Dec 2010, KNM announced "Material Contract secured by KNM Group Berhad’s subsidiary amounting to approximately RM680 million"

Will it rebound on next trading day, 8 Dec 2010? 

If able rebound, next subsequent resistant would be RM1.96, RM2.02, RM2.10

If future retrace down, might retest RM1.90 support level.

Let watch closely for entry opportunity...


Remark: 
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

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