@ James, Revenue seems not in your stock pick list.
Would you consider RGB in your list ?

@ sardin81, I have no doubt in term of the profitability and the future prospect of the company, and that is why I am still patiently waiting for a good entry point after sold all last year. Thanks for your details and insights. Hope there is more good news being advertised by KNM as what it did last year as it had been very quiet since Nov.

Half of the volume today are IDSS sell at 0.202 (average), buy back 0.195/0.2.
If IDSS continue short selling daily and retailers continue stuck at high price waiting to be forced sell, the price will continue going south until a trend reversal.

Surely based on the recent 4 quarters +profits, one day KNM will rebound if the performance sustain, and that is the reason we are still here after sold at 0.4x last year.

However, short term it is a downtrend and we are still waiting for a good entry point as there is no support of price. No rush to buy until a confirmation of buy signal for trend reversal.

When it rebound there will be a good return in term of % due to the low in price. 0.2 definitely not a bottom.

guys, IDSS is continuously short selling at 0.2 today, they intend to buy back at < 0.2 today.
the price is controlled by IDSS.

IDSS keep selling at RM 1 (almost 5.5 mil in first hour), retailers keep buying at RM 1.01
.........

Finally, RM 1 broken, it will be a water falls..

@ Mabel, I already released all by last year at 0.425. Still waiting for a good entry point to buy back.

1) SMA 90 now is 0.35 (moving downward toward SMA 200).
2) SMA 200 now is 0.334 (moving upward toward SMA 90).
3) The gap between SMA 90 & 200 is only 0.016, it is going to crossover by Mar with current trend.
4) Once SMA 200 > SMA 90, the price will have a significant drop.
5) Current price 0.22 is far below SMA 50 = 0.306 (gap 39%), SMA 90 (gap 59%) & SMA 200 (gap 59%).
6) I do believe it will rebound one day, but will not be in short term as the MMA chart is showing a higher probability of further downtrend and all indicators are currently negative.
7) Once it reverse from current downtrend to uptrend in future, in term of % will be an attractive investment.

The only purpose we are here is to make money.
However, I felt bad for those holding stock from 0.4x => 0.3x => 0.2x, the value of holding had been dropping for more then half from Nov to Feb and still finding an exit point.
We are actually waiting for an entry point for re-investment only.

Take note there are 2 x times evening star appeared in Feb. Technically after evening star appeared, it predict the future price declined :

First evening star Feb 6th - Feb 10th => subsequent price drop to lowest 0.245 by Feb 24th.
Feb 6th : opened 0.26, closed 0.285 (up 0.025)
Feb 7th : opened 0.28, closed 0.28 (flat)
Feb 10th : opened 0.27, closed 0.26 (down 0.01)
Feb 6th opened to Feb 10th closed no change.

Second evening star Feb 25th - Feb 27th => price start to drop to lowest 0.2 by Feb 28th.
Feb 25th : opened 0.245, closed 0.265 (up 0.02)
Feb 26th : opened 0.265, closed 0.265 (flat)
Feb 27th : opened 0.26, closed 0.245 (down 0.015)
Feb 25th opened to Feb 27th closed no change.

TA does not cause price decline, but in reverse way it demonstrate the current market momentum and price trend to assist trader to make buy & sell decision.

If based on Nov to Feb, at the range of RM 1.1 ~ 1.18 is a good buy.
If can drop to SMA 200 at RM 1 will be a much more attractive price to buy.

In stock market everything can happen, just like the political drama for past one week.

Lets wait and see, only enter when there is a buy signal reverse to uptrend. Who knows what will happen next week ?

If you have the free capital on hand, now all are opportunity at promotion price.
However, if you already bought high in past 2 weeks and out of bullets, you miss the opportunity (opportunity lose), while others are doing bottom fishing, and those stuck at buying high only hope to break-even.

Hardly a normal trader like us can earn money during downtrend, even professional traders lose money in current market condition.

Trade with cautious, buy low (with patience, not rush) and sell high (timely, refer to technical trend chart instead of by emotion), most importantly, do not chase high. Imagine those who chase high at 1.4x and not selling until 1.2x? Nobody can buy the lowest & sell the highest, important is the entry point & making profits timely and always prepare free capital for opportunities. Nowadays opportunity occur almost every week (outbreak, politics, elections, world economy potential recession..), you stuck in holding stocks, you miss the opportunities

@ Mabel,
yes, me too, I only support anyone who can boost economy, stock market and my pocket.

Hope Bursa - the worst stock market in the world for past one year 10 months come to the end and rebound.

Bursa had dropped for nearly 2 years from 2018 May 1800+ to 2020 Feb 1400+.
Hope this is an end for rebound.

By April, operational result for Q1 will be announced.
By May, QR for Q1 will be released..

That will be the real storm coming as everyone know the airlines industry is doing bad in Q1, especially to those airlines targeted market is Asia and China markets.

The real storm yet to come, save your capital and wait for opportunity, no point to enter now.

0.2 may not a bottom, but a beginning of a new downtrend.

Just an alert to those still holding :

Based on the trend, SMA 200 going to crossover > SMA 90 in March, 2020 = a super downtrend.

The last uptrend was SMA 90 crossover > SMA 200 by May, 2019 and KNM shot up from 0.185 to 0.475.

Now is a reverse way, it is going to shoot down rapidly once the crossover done in March unless there is a super great news able to turn on miracle, else a Niagara Falls is forming.

Lets target 0.07.

The chart looks more like a bottomless waterfall.
RM 1 is not the bottom.

With lowest price of 0.2 today, KNM had dropped since Nov 8th 0.475 to now -238%.

The QR only help for rebound temporary, and it break the previous low of 0.235 by Feb 3rd to lower low of 0.2.

Current chart looks like no support & bottomless and seems another waterfall is silently forming
.
Still sincerely hope the German miracle can happen one more time this year from 0.07 to 0.475 (+700%), everybody can sit back few months to count money with every month have job awarded news, directors buy back, and all kind of other fancy rumors as it seems KNM had been too quiet since Nov to support the share price.

For reference :

Today closing SMA 50 = 1.362 > SMA 10 = 1.357 => officially move into bearish mode.

For Multiple Moving Average :

SMA 3 ~ SMA 12 = 1.297 ~1.36

SMA 30 ~SMA 50 = 1.362 ~1.371

All near term moving average < 30 days to 50 days moving average => officially it crossover to downtrend by today.

During a downtrend, it will gradually move towards 1.15.
There will be rebound occasionally, however, it will be temporary and drop back fast (it is an opposite to uptrend, during an uptrend, any drop in price will be temporary & will rebound fast).

1.15 will be the critical support level to determine whether the previous double tops ("M") of 1.45 (Jan 23rd, Feb 28th) will switch to double bottom ("W"). If the drop can sustain above 1.15 & above, then a reversal from "M" to "W" will be possible. 1.15 become the support with resistant is 1.45.
However, if 1.15 being breakthrough, there will be possible a further drop to SMA 200 which is 1.04/1.05.

Think positively, it means today end month buy < 1.2, Mar 15th ~20th will need to sell > 1.5, another 30% profit, then buyback again by end Mar < 1.2, wait for Apr 15th ~20th good news another 30% profit.

One year will repeat 12 times for 30% x 12 = 360% profits if using same capital each month.

Each month 24th ~ 8th will be downtrend (buy when < 1.2)
Each month 10th ~20th will be uptrend (sell when > 1.5)

My buying point reference to the multi-moving average Guppy MMA.
When the SMA 3 ~12 (up) start to crossover SMA 30 ~ 50 (flat), the crossover point (start of uptrend) will be my buying point.

Currently it is a reverse way, the SMA 3 ~12 is down and just cross over SMA 30 ~50 (flat) this week. It is a beginning of downtrend.

It is too early to tell when will be the exact buying point.

The last uptrend started Oct, the SMA 3 ~12 (up) crossover SMA 30 ~50 was Oct 11th and the uptrend ended this week. Need to wait for another crossover point to determine the buying point. No rush, keep capital and wait, there is plenty of opportunity for this type of market conditions.

The forum here is very interesting :

Nov 18th = highest 1.43 => call for celebration
Nov 27th = lowest 1.1 (drop 30% from highest) => blaming, explanation..

Dec 10th = highest 1.37 => call for celebration
Dec 24th = lowest 1.18 (drop 16% from highest) => blaming, explanation..

Jan 20th = highest 1.51 => call for celebration
Jan 3rd = lowest 1.17 (drop 29% from highest) => blaming, explanation..

Feb 20th = highest 1.57 => call for celebration
Feb 28th = lowest 1.18 (drop 33% from highest) => blaming, explanation.

The lowest price for past 4 months from Nov to Feb was 1.1 ~ 1.18. It had been not changing & repeated for 4 months, it was a "W", and follow by another "W" only, unless this round it break below 1.1 & hit SMA 200 (now SMA 90 1.28 already broken).

I believe majority of the retailers not making profits or even forced to cut lose in Feb.
Always trade cautiously by TA before FA.

I already taken profits 2 times in Feb :

Feb 3rd bought 1.24 => Feb 7th sold 1.40.
Feb 25th bought 1.31 => Feb 26th sold 1.41.

Now is waiting for downtrend to be ended and buy in when uptrend confirm only (no rush).

I remember there was a cup & handle analysis.
Now is a formation of a new cup or it is still a handle ?

Now is already 1.18.
Those who had been holding from 1.57 to 1.18, when no more holding power or no more bullet to average down, can't imagine the accumulated huge volume holding going to be forced sell & limit down to what price, best estimate :

Nov 27th (last QR) lowest : RM 1.1
SMA 200 : RM 1 / 1.01

Again, no rush to buy when it is at downtrend, buy when the downtrend ended and reverse to uptrend. Any technical rebound will be temporary and drop back during downtrend.

Now is already 1.2.
No-one can confirm how low is low, but we can reference to pass data to estimate the next support :

1.15 (Feb 3rd's lowest)
1.1 (Dec 5th's lowest)
1.04/1.05 (SMA 200)

Those who had been chase high at 1.5x, 1.4x, 1.3x all being trapped in.

SMA 90 (1.28) broken, next will retest 1.17 (Feb 3rd's lowest).

I believe I had been sharing the bearish signal that I observed many times when it was 1.39/1.4x.
However I believe ppl only chose to listen to what they want to hear only.

Feb 3rd it hit 1.15 (SMA 90) and rebound immediate, no retailers actually able to buy at 1.15, I only manage to buy 1.2x on the day and sell 1.4.
The strong rebound at the time was due to it was still an uptrend.

This time it hit 1.24 (SMA 90), and seems may further down, everyone can buy 1.23/1.24 today.
There is no immediate rebound as it is a confirmed downtrend.
During a downtrend, no rush to buy, wait for the point of reversal to uptrend then only enter.

Current support SMA 90 = 1.28 (vs today's lowest 1.29),
equivalent to Feb 3rd's SMA 90 = 1.16 (Feb 3rd's lowest 1.17).

Hopefully the SMA 90 1.24 can hold.
If broken, next support :

1.15 (Feb 3rd's lowest)
1.04/1.05 (SMA 200)

Based on the chart, it is confirmed a downtrend if no rebound by today back to 1.36 unless a great positive news come out.
Those who chase high at 1.4x, 1.3x will be all trapped in with huge volume pending to be forced sell.

If we specific go for last trading day of each month (no matter is good or bad news) :

Nov 29th = 1.14
Dec 31st = 1.27
Jan 31st = 1.25
Feb 28th = ??

The last QR out, I still remember it up for the first one hour from 1.25 to 1.32, and closed by 1.26 (+0.01).
Next day all the way to 1.1 lowest (-0.16).

Tomorrow will be critical as if no rebound and the closing is still < 1.36, a downtrend is confirm, unless an exceptional great news stimulate the market or specific to Revenue.

Since 1.3 support already broken today, next support shall be 1.23/1.24 = SMA 90.

Bursa Index up 10 today, back to above 1500.

Jaks' cycle is within a month trend up to highest by 2nd/3rd week then trend down to lowest by last week of the month:

Nov 18th = 1.43 highest
Nov 27th = 1.1 lowest

Dec 10th = 1.37 highest
Dec 24th = 1.18 lowest

Jan 20th = 1.51 highest
Jan 31st = 1.24 lowest

Feb 20th = 1.57 highest
Feb 27th = 1.37 lowest
Feb 28th = ??

The trend is perfectly normal :
Each month 10th ~20th trending up, all great stories, good news and celebrations come out.
Each month last week will trending down, all blames, explanations come out.

just standby bullets to collect low by each month end and sell when it trend high again by Mar 10th ~ 20th. it had been repeated for 4 months for the same trend.

Johor announced change of state gov.

Anyway just standby bullets.

This stock have the strength to rebound was due to it was in an uptrend since Oct 11th'19 when SMA 10 crossover SMA 50 and the gap between SMA10 vs SMA 50 getting bigger. During an uptrend, any price adjust down below SMA 10 will rebound.
The most extreme price adjust down was Feb 3rd's 1.15, it hit SMA 90 also manage to rebound same day as it is within an uptrend at the time.

However, the current concern is :

SMA 10 = 1.38 already broken

SMA 50 = 1.36 also already broken

SMA 10 & SMA 50 gap narrow down to less then 0.02 only
(compared to Jan 2nd, the gap was 0.196)

SMA 90 = 1.23 (which is about 9% from current price)

Once SMA 50 > SMA 10 (crossover at 1.36), it will be a reverse way, any price up will be temporary and drop back. Thus, it is crucial that > 1.36 need to be hold in order to maintain the uptrend.

Next few days will know whether the uptrend will be continue or it will reverse to downtrend.
The double tops of 1.45 is also another resistant need to break in order to confirm uptrend. Technically if a double tops appeared, it will be a bearish trend.

IF unable to rebound this week back to 1.36 and above, together with the Double Tops of 1.45 in past 2 months, a bearish downtrend will begin, despite a good QR released.

Standby bullets to collect low after sold 1.41 this morning.

It is crucial to keep the price at 1.36 & above this week as based on the trend chart, 1.36 is the junction for crossover between bear vs. bull.

The support 1.36 (SMA 50) had been broken today.
If this week unable to rebound back to 1.36 or above, it will be a downtrend at bearish mode.
Next support will be 1.3, 1.26, 1.15.

Always buy low and sell high, and never chase high.

Had been under estimate the volume of contra players need to be forced sell today.
Need to patiently wait for the contra players cleared out for a rebound this week.

It is an opportunity to buy low today.

IDSS short selling RM 1.68 mil within an hour at 0.27. Parking at buy Q at 0.255 waiting to buy back.

Suddenly became silence in this forum.

Just buy low (yesterday morning 1.31), sell high (this morning 1.41), 7 - 8% profit within a day.

A technical reminder (again) :

Jan 23rd and Feb 18th had formed a "Double Tops" at 1.45, it is a bearish signal for downtrend unless 1.45 can be breakthrough within short term.

1.36 = SMA 50 will be the current critical support level.

Now waiting to buy back low again.

Congrats to those who manage to buy low early morning with same day rebound.

Just a technical reminder :

IF this round of rebound cannot exceed 1.45 (high of Jan 23rd, Feb 18th), technically it is a "Double Tops", the trend may reverse to downtrend.

IF manage to breakthrough 1.45, then a higher high is possible.

Every adjustment will have a reason behind and every adjustment is a good opportunity to buy at lower price.

Jan 8th - lowest 1.31 => not adjustment but Iraq issue
Jan 31st - lowest 1.26 => not adjustment but outbreak
Feb 3rd - lowest 1.15 => not adjustment but China market open
Feb 24th - lowest 1.31 => not adjustment but political uncertainty
Feb 25th - lowest 1.?? => not adjustment but ??

Get ready bullet this morning for the opportunity to buy low.