Tuesday, March 29, 2011

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!!!

0 comments:

Post a Comment