KNM Testing the resistance at 0.695

Many of the investor who are in KNM GROUP are eagerly waiting for KNM to be back in action with huge reward and volume in play like the old times. KNM was very famous in 2009 and 2010 where this counter was in the TOP 10 Most active Counter frequently.

Let check check on stock chart analysis on KNM Group in KLSE on the 14 September 2012

Indicators
1 ) Trendline - Above uptrend line (Bullish)

2)  Support/Resistance - formed Higher Low  (Bullish)
3) MACD - Positive region (Bullish). 

4) RSI -  Heading toward 50% ( Slightly Bullish).   - Waiting for a white candlestick and break above 50% to formed bullish

5) STO - Formed Bullish Crossover and broke above 50%  - (Bullish)

6) Ichimoku -a) Above support cloud (Bullish).
                       b) Conversion line above the base line (Bullish).
                       c) Price above the baseline ( Bullish)
7) Candlestick - Formed Separating Line - .(  Slightly Bullish) -
                        


Conclusion:
Bullish -

E ( Entry) : 0.705

S ( Stop Loss) : 0.66              

P ( Profit) :0.775

RRR (Risk to Reward Ratio) = 1.56 (Slightly Rewarding)

 

 

E ( Entry) : 0.705

S ( Stop Loss) : 0.66              

P ( Profit) :0.85

RRR (Risk to Reward Ratio) = 3.22 (Rewarding)

 

Support at  0.67 ( Trendline Support on 18 September)  /0.625 / 0.56
Resistance at 0.695 / 0.725 / 0.76 / 0.795