Technical Analysis Mar 2011: KNM (7164)
KNM GROUP BERHAD
Observation from Chart:-
KNM is keep consolidate & forming bolinger band squeeze.
Current resistant MA50, which is around RM2.80
Current support level MA20 (bolinger middle band), which is around RM2.63
If break up MA50, it will retest RM3 & RM3.23 level
If break down MA20, next support would be RM2.55 (MA100 support level) & RM2.33 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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