Friday, June 24, 2016

Technical Analysis June 2016: KNM (7164)


KNM GROUP BERHAD 

Observation from Chart:-

KNM retest downtrend line support level.

Will it rebound @ this support level ?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on oversold stage, trigger BUY call.

Immediate support @ RM0.40
Subsequent suport @ RM0.39 level.

Immediate resistance @ RM0.435 level.
Subsequent resistance @ RM0.45 level.

From technical view, KNM is forming lower low & lower high, market sentiment is bearish.
NO bullish reversal been form yet.

From fundamental view, KNM will feel impact on BREXIT
Source: http://www.thesundaily.my/

Let's watch closely.

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