KNM was trading actively because of Borsig was planned to list in SGX August 2013. Potential IPO listing might raise around RM200 million .
Indicators
- Trendline - Awaiting for higher high to confirm uptrend ( Pending)
- Formed Higher low and waiting for Higher High Signal.
- MACD - Kiss of life and 4R2G ( Bullish)
- RSI - Going up and testing 70%. If break above 70% with by closing higher will justify it is bullish
- STO - Bullish Crossover and testing 50% ( Bullish)
- Ichimoku - If close above 0.72 it will show that is it bullish
- Candlestick Pattern - Bullish Engulfing with Gap up
Result : Bullish
Entry (E) = If close above 0.72 (Check price during 4.30pm ~ 4.50pm). Avoid risking to buy in the morning and face downtrend during end of trading.
Stop loss = 0.66
Take Profit = 0.78 / 0.85
Support at 0.69 / 0.56
Resistance at 0.8 / 0.87
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