Kinstel seems to have found its support base near RM0.97. After a successful rally from Apr to Jun 2009, the share price of Kinstel started to trend sideways.Although it managed to reach RM1.10 in Aug 2009, it has largely ranged boundbetween RM0.86 and RM1.08 from Jun 2009 to Jan 2010. It removed the RM1.08 level and hit RM1.18 in Jan 2010, but suffered a steep correction thereafter. But with a close near RM0.995 in recent trading, the stock seems to have found its support base near RM0.97 for a potential technical rebound in the near term.
Kinsteel Berhad : A Successful Rebound Will Retest RM1.08 and RM1.18…- 01/03/2010
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