Just a quick note that KNM showed double bottom last Friday, which is a signal of rebounce; while world market depress over the weekend. It will be interesting to see how KNM ends today.
My support line today is RM 0.75 with a variance of 1 price tick. So if it rebounces at RM 0.755, it could be a bug signal. Else if it breaches 0.745 then it could be free fall to 0.50.
Speculative up strength is 0.80 : so 0.76 to 0.8 is 5% gain, not really a huge opportunity to win lottery.
However, KNM's target buy price is actually at RM 1.10 with target compound return at 15% a year for the next 10 years. So it is also a long term keeper.
Note* Don't buy base on this note. This is a test for technical analyst believers. If you look carefully, did you see any head and shoulder pattern ?
