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2009-09-17

Just Sale Out All My KNM Share
























Yesterday KNM bounds up more higher and I sale out my balance share at RM0.775. Will buy back the share when it drop below 1st support line.

Related Posting:-
  1. KNM Drop Below RM0.70 Support Line
  2. KNM Technical Bounds Up But Forming A Descending Triangle

2 comments:

Anonymous September 17, 2009 at 10:39 AM  

Taikor, How sure are you that KNM will go back to 2nd support line @ RM0.55? If this really happen, how fast do u think it will bounce back to the TP RM1?

East Point Trading September 17, 2009 at 4:23 PM  

Base on the chart patten they is some risk KNM will forming a Descending Triangle, so if this patten formed KNM price will have a big drop may be will drop to RM0.55.

It will hard to said how fast KNM will bounds back to RM1.00 from now due to KNM is highly speculated share at this 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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