KNM (7164) - Technical Analysis June 2016: KNM (7164)





KNM GROUP BERHAD 

Observation from Chart:-

KNM retest downtrend line support level.

Will it rebound @ this support level ?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on oversold stage, trigger BUY call.

Immediate support @ RM0.40
Subsequent suport @ RM0.39 level.

Immediate resistance @ RM0.435 level.
Subsequent resistance @ RM0.45 level.

From technical view, KNM is forming lower low & lower high, market sentiment is bearish.
NO bullish reversal been form yet.

From fundamental view, KNM will feel impact on BREXIT
Source: http://www.thesundaily.my/

Let's watch closely.

KNM (7164) - Technical Analysis June 2016: KNM (7164)
 http://www.stocktalk2u.com/2016/06/technical-analysis-june-2016-knm-7164.html