Saturday, January 4, 2014

Technical Analysis Jan 2014: KNM (7164)

KNM GROUP BERHAD

Observation from Chart:-

KNM retest RM0.495 resistance level.

Will it break through the resistance?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K on BUY call itinerary.

Immediate support @ RM0.45
Subsequent support @ MA20 / MA50 level.

Immediate resistance @ RM0.495 level.
Subsequent resistance @ RM0.60 level.

Once higher high & higher low is confirm, it will be uptrend.

Let's watch closely. 
 

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