Monday, September 24, 2012

Technical Analysis Sept 2012: KNM (7164)

 
KNM GROUP BERHAD

Observation from Chart:-

KNM is forming ascending triangle pattern.

Will it break through the resistance?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K no trigger BUY call yet.

It break down the triangle support, it might retest MA50 support level.

If rebound, immediate resistance would be MA100 level.
Strong resistance @ RM0.72 level.

Let's watch closely.

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