KNM recorded a huge bullish candle after months of sideways crawling.
KNM stabilised between a support of RM0.69 and a resistance of RM0.85 in Jul 2009
to Apr 2010, but plunged with a huge 4sen technical gap in mid-Apr 2010, to begin
a fresh downtrend. However, after touching a floor support near RM0.50, the stock
stabilised and crawled sideways ever since. Yesterday, it registered a huge bullish
candle, surpassing the RM0.50 support level before closing the day at RM0.53. The
candlestick pattern suggests a fresh buying momentum underway.
KNM Group Berhad : Great Chance To Roll Into A Fresh Technical Rebound…03/08/2010
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