KNM Bull Run Time Out

KNM bounds up is run out of time, base on the chart the bull run is about to end vary soon may be today is the last day to cut loss or take profit at RM 0.49 level.

One good news is, KNM vol may made KNM will not drop back below RM0.40 if nothing big bad news happen in Malaysia or world oil market. OPEC will do anything or something to push oil price up and sure oil price will not stay on below USD 40 for long.

For short term and media term I think KNM is vary hard for invester to make profit on it without insider news. The total % share hold by the KNM boss and EPF is still low, so KNM share price is open for speculation and we as a small retail traders also will ez become share price speculation victem.

Due to low price of oil they are high risk KNM project in hand may cancel like WCT case but sure this news will be speculated before you can see the effect on share price.

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My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

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