Saturday, February 12, 2011

Technical Analysis Feb 2011: KNM (7164)



KNM GROUP BERHAD

Observation from Chart:-

KNM have been retrace down from RM3.23 high to RM2.88 level

Currently, it keep consolidate around this level & forming bolinger band squeeze.

Will it break up or break down?

If break up, it will retest RM3 & RM3.23 level

If break down, next support would be RM2.75 (MA50 support level)

Let watch closely.


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

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