Powered by Blogger.

We Have Move To...

2009-09-15

KNM Drop Below RM0.70 Support Line

























KNM close at RM0.695 on yesterday and broken 1st support level at RM0.70. Now KNM is drop into oversold zone base on RSI. Since KNM announcements on 2Q2009 profit drop, the share price was drop from around RM0.90 to RM0.695 equal to -22.77% however since start the drop KNM had share buy back start at 24/08/2009 till now cumulative net outstanding treasury shares as at to-date (units) is 58,079,500 equal to 1.45%.

Same thing happen before in IOICorp and after a few week IOICorp bounds back strongly so will KNM do the same? For me I think likely KNM will bounds back to RM0.70 and move sideway untill 3Q09 announcements. Yesterday had brought some KNM share on RM0.695.

0 comments:

Related Posts Plugin for WordPress, Blogger...

PostRank

My Blog List

Blog I Follow

Popular posts

Blog Archive

Templates

Stock Quote

Stock Quotes
KLCI Live Quotes
Lookup Stock Code/Name
Enter Stock Code/Name
FastQuote

Powered by zoomFinanceCorp.

Subscribe Now: Feed Icon

Home Page Home Page Home Page Home Page Home Page Home Page

Investment Idea

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.

Malaysia Gold Price

Gold Price Per Gram in Ringgits
Malaysian Ringgits per Gram

  © Free Blogger Templates 'Greenery' by Ourblogtemplates.com 2008

Back to TOP