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2009-08-26

KNM Support Line At RM0.75

























Yesterday KNM close about the support line RM0.75 with low volume. At this point if KNM price broken this level than likely will see KNM a strong bound up to 1st resistant level RM0.85 and if broken again this level so KNM likely to hits RM1.00 by year end.

However the share price may go sideways and may drop to next support line at RM0.54 but I think it will unlikely to happen due to base on the CMF and RSI showing that this level RM0.75 is near to the lower and crude oil likely to speculated up the price by year end.

I had buy in at RM0.76 level.

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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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