Karex shall have a bull trend this year.

SMA 50 = 0.426
SMA 90 = 0.443
SMA 200 = 453

All 3 long term SMA lines are moving north gradually, once SMA 50 (moving up faster) crossover SMA 90 & SMA 200, it will be a Golden Cross and Karex shall surge.

It had been on downtrend for years, this year shall be able to reverse to long term uptrend once the Golden cross happen.

yup, I tot I can top up at 0.205 but no chance.
so top up at 0.21.

tomorrow both Armada & KNM shall rebound together, the trend looks identical, shall be manage by same operator.

after 4:50pm, only 9 transactions sell, total 816 units.
today shall wash out most of the contra players and weak holders.
operator is forcing them to sell at 0.205 - 0.22 today.

tomorrow shall continue the journey toward north.

already rebound from 0.205 to 0.225 this morning.
operator is blocking layer by layer to force sell weak holders and contra players (T+2).

top up more at 0.21 this morning.

SMA 90 = 0.205 will be the support.
SMA 200 = 0.305 will be the resistance.

Meanwhile it will consolidate thru & forte between 0.205 - 0.305 before it can break to the next level.

WTI June contract expired, closing price 32.50 (vs. last month May contract closing price in negative -37)

@Depeche,

I wrote & called Maybank, their "solutions" are :

1) turn off & on wifi, shut down & restart laptop & the trading web.
2) turn off & on mobile phone & apps.

They never recognized the issues and never fixed the issues and it is getting serious & more frequent this year.

seems most of the trading platform recently having problem..especially at 9am or 230pm opening session.

@icepumpkin, to your earlier question, only major shareholders, directors, company disposed/acquired can view. other then that we wont know who is buying or selling. definitely sharks wont use one single account to trade with huge volume like this few days.

yup, after rally from 0.135 last week to this morning opening 0.27 = 100% surge within a week, it is time to have correction / consolidation which is normal.

Today KNM is the top volume in Bursa at 407M and still trade above SMA 90 (0.205).
It will consolidate thru & forth between the support SMA 90 (0.205) <=> resistance SMA 200 (0.305) before it can breakthrough to the next level.

me too, my mobile apps hang at 0.235 and almost top up at the price, after restart then manage to top up at 0.225, now wait for the surge.

I top up more at 0.225.

guys, no need to panic sell.

it is common after few days surge from 0.135 => 0.15 => 0.18 => 0.24 and have consolidation between 0.22 - 0.27.

the 5 min. chart is showing a rebound from 0.225 after clear out weak holders.

@ Chong Betta, it is strong support, not resistance at 0.225.

The greatest inspiration today is Sardin is back !!

Guys, hold your shares and do not sell low to be regret later, ride with the positive momentum.

WTI = 32.69 (up from last month's -37)
Brent Crude = 35.45

+ Ethanol hand sanitizer business

+ Borsig 100 years world class technologies

Next 2 resistance :

SMA 200 = 0.305 (shall break this week)
Highest last year = 0.475 (shall hit within one month)

WTI just breakthrough 32.
highest 32.225.

the oil price seems want to resume back 40 - 60 price range before the outbreak.

KNM share continue to surge accordingly.

those who bought 0.135 - 0.15 last week and still holding, on paper shall have 60% - 78% profits
within a week.

Another high volume today at 481M and good closing at 0.24 (+33.33%).

Last Fri + today total traded 673M+481M = 1.15B > 43% of NOSH being traded within 2 days.

Next resistance remain at SMA 200 = 0.305, shall be tested by this week.

WTI breakthrough 31
Brent Crude breakthrough 34

@ icepumpkin,

no lah, I did sell partial at opening 0.245 & buyback at 0.23.
the 5 min. chart showed overbought at 12:30pm closing.

@ Leoleo, when paktua come, it will be downtrend, that will be almost time for us to sell. He entered last year at 0.3x.

@ andrewlimck, good info. Looks like KNM not only benefits from oil price increase but also supplying to health care product like hand sanitiser & demand increase due to the outbreak.

"Ethanol in hand sanitizing gel is widely used not only in health care settings but also in other areas that involve hand hygiene. Ethanol is considered an effective substance against a large spectrum of microorganisms which can linger on the skin. Health care systems and infection control organizations have begun advocating the routine use of hand sanitizing gel, as health care professionals may apply alcohol-based hand sanitizers more than 50 times a day, if using these products prior to and just following each patient."

@ icepumpkin,

only 11 transactions for 0.24 at 669 units (buy, not sell transactions).

target price remain 0.305, 0.475.
however, do take note no share will up everyday as people will take profits from time to time.

if reference to last year uptrend, after a significant surge for 3 - 4 days, it will follow by one week consolidation before it surge for the next level high. example of last year data for reference :

Wave one :
First day = Jun 28th = 0.19 to 0.26
Second day = Jul 1st = 0.265 to 0.3
Third day = Jul 2nd = 0.29 to 0.315

Jul 3rd - 10th = consolidate at 0.29 to 0.325, about 1 week

Wave two :
First day = Jul 11th = 0.3 to 0.35
Second day = Jul 12th = 0.335 to 0.365
Third day = Jul 15th = 0.36 to 0.39
Forth day = Jul 16th = 0.38 to 0.405

need Sardine here to promote Borsig's 100 years success story...

WTI June contract continue move up to 30.69

Good mid-day closing at 0.24 (+33.33%). It is an identical uptrend as last year July.

Those who sold last week at 0.135 - 0.19 shall be regret by now (opportunity lose 26% - 77%).

Last resistance SMA 90 = 0.205 being breakthrough at opening. First time since Nov 21st it trade above SMA 90.

Next resistance SMA 200 = 0.305.

There may be some consolidation up/down between SMA 90 (0.205) & SMA 200 (0.305) before it can breakthrough to the next high of 0.4xx.

Guys :

WTI June contract increase to 30.36 over weekend, first time it break 30 since Mar.
Brent Crude June contract increase to 33.36 over weekend.

WTI all Futures increase as well :

Dec'20 = 32.56
Dec'21 = 35.99
Dec'22 = 38.60

With U.S. oil production drop naturally due to bankruptcy, OPEC+ continue cuts additional production voluntary while more markets announced to re-open to resume economies, oil price will rebound strongly heading to north and oil counters price will surge with the positive momentum.

next 3 resistance :

SMA 90 = 0.205
SMA 200 = 0.305
Nov'19 highest = 0.475

Public Bank stated resistance :

0.16 = met Fri
0.185 = met Fri
0.21 = if this resistance break by Mon, KNM shall fly.

@icepumpkin,

perdana is having identical TA indicators as KNM, shall be moving north follow oil price surge.

the differences are the financial performance :

KNM is making profits for past 4 quarters, PE 9.96, NAPS 0.67 vs. share price of 0.18.

Perdana is making lose 3 out of 4 quarters last year, PE -17.88, NAPS 0.14 vs. share price of 0.185.

apparently financial wise perdana was not doing as good and risk is relatively higher.

@jek2288, lets take one step at a time. a lot of ppl aim at RM3 last year due to sardine kata and forced to become long term investor and hold stock from 0.475 to < 0.1 this year, only hope for break even.

if you refer to past many years record, 0.4x seems to be the max.
however, the impressive volume yesterday of 673M really break the records, if 0.475 can break this round, 0.6 is possible as the NAPS is 0.67.

@FearlessKaki, 0.19 is considered low if compare to TP > 0.4.
However, do take note that no share will up everyday, it will up for few days (typically 3 - 4 days, then have correction/consolidation for about one week before it continue surge for new high).

WTI June contract = 29.79
Brent Crude June contract = 32.88

All the futures contract for remaining 2020, 2021, 2022 all surge up by this week.
WTI Dec 2020 contract = 32.19
WTI Dec 2021 contract = 35.78
WTI Dec 2022 contract = 38.5

With worldwide markets re-open by May onward (demand up) plus oil output cuts (supply down), the strong rebound of Oil price will lead the focus switch to oil counters as most are less then MYR 0.2 only, much more room to surge versus other industries.

KNM's NOSH only 2645M, yesterday itself already traded 673M, more then 25% of the shares traded yesterday and it was the highest volume in Bursa. It definitely not retailers have such financial ability to trade in such high volume (but definitely it was the retailers & day traders that have no holding power taking profits yesterday at 0.175 - 0.185).

The big guys that acquired such high volume yesterday at low price (0.15 - 0.185) will not sell at only 10%-20% (few cents) profits. If we reference to last year of how KNM surge from 0.19 to over 0.405, it took less than 3 weeks to happen :

June 27th = 0.185 - 0.19, 3M+ volume, one day before the surge, equivalent to price yesterday.

Jun 28th = 0.19 - 0.26, 333M push up > 36%+ within a day (hope this can happen next Mon)
Jul 1st = 0.265 - 0.3, 395M, +13%
Jul 11th = 0.3 - 0.35, 295M, +16%
Jul 16th = 0.38 - 0.405, 175M, +6%

Total within 3 weeks last year Jun 28th - Jul 16th, it surge from 0.19 to 0.405, for 113%.

Oil counters :

KNM = +20% (Top volume today in Bursa 673M)
Hibiscus = +12% (2nd highest volume today in Bursa 487M)
Sapura = +5% (3rd highest volume today in Bursa 432M)
Velesto = +3% (5th highest volume today in Bursay 357M)
Armada = +8% (6th highest volume today in Bursa 314M)

KNM's TA indicators :

1) SMA 10 crossover SMA 50 yesterday for the first time since Nov 25th, bullish mode.
2) Since May 6th, KNM traded above SMA 50, the last time it traded above SMA 50 was Nov 20th.
3) EMA 5 crossover EMA 20 since May 8th, bullish mode.
4) Short term SMA lines cross above long term SMA lines, first time since Nov'19, bullish mode.
5) Today's volume 673M, highest volume in past 3 years.
6) Last year it took 333M by Jun 28th to push up price from 0.19 to 0.26 and next day Jul 1st it took 395M to push up price from 0.265 to 0.3, within 2 days price surge up from 0.19 to 0.3 (+57%).
7) Today's highest 0.19 breakthrough last high of 0.18 (April).

Next 3 resistance :

SMA 90 = 0.205
SMA 200 = 0.305
Last year Nov highest = 0.475

@ escanor999, sardine was the die hard fans of KNM. he promoted KNM since 0.07 to 0.475 last year. those in this counter long enough will miss him.

WTI contract due May 21st.
Last mth was due to few contracts only intend to sell by last min. before expire and the rule change last min., cause negative oil price, now nobody sell on last min. anymore, lesson learn.

last year KNM shoot from 0.07 to 0.475, more than 500% surge.
hope it repeat this year.

glove shoot up too fast, now on correction/consolidation, switch to O & G.

KNM is top volume today in Bursa

I accum. since 0.125 end Apr, 52% paper profit based on 0.19 highest today, 68% profit if hit 0.21.

today may able to hit 0.21 based on the momentum.

last year when price started to shoot up from 0.185 to 0.26 (+40%) by Jun 24th, the volume was 350M, follow by next day volume of 1.15B and further shoot up to 0.325.

today half day only the volume already 466M.

Public Bank stated KNM 3 layers resistance :

0.16 = met today
0.185 = met today
0.21 = if can break this resistance, then KNM can fly again.

yesterday SMA 10 crossover SMA 50, finally KNM entered a bullish mode after long downturn from last year Nov.

Looks like operator is collecting at 0.145.

Closing :
4/29 = 0.125
4/30 = 0.135 (+8%)
5/4 = 0.135
5/5 = 0.14 (+3.7%)
5/6 = 0.15 (+7.1%)
5/7 = 0.15

Past one week from 0.125 to 0.15 = +20%, and the TA indicators are still rebounding from bottom.

Public Bank advised technical buy, stated next 3 resistance :

1st resistance 0.16 (+6.6% from 0.15)
2nd resistance 0.185 (+23% from 0.15)
3rd resistance 0.21 (+40% from 0.15)

US WTI current contract > USD 27
Brend Crude current contract > USD 31

good closing at 0.15 today.

All TA indicators are gradually towards north from bottom since last week.

So far already rebound 24% from last week 0.125 (lowest last week) to 0.155 (highest today).

Shall the oil price continue rebound due to most markets reopen from May onward together with oil production cut, KNM will be rebound, short term resistance 0.18.

yesterday EMA 5 crossover EMA 20 at 0.17 => a confirmed uptrend if oil price continue rally.

next will be SMA 10 (0.169, moving upward) to crossover SMA 50 (0.183, moving downward), once crossover done, next 3 resistance will be 0.205, 0.23, 0.28.

currently
EMA 5 = 0.14 (uptrend)
EMA 20 = 0.141 (flat)

once EMA 5 > EMA 20 => the uptrend will be confirmed shall oil price can sustain / gradually increase.

WTI = 27.88.

Lets see if this week can reach 0.18.
from 0.125 last week to 0.18 = +44%.

apparently based on past one month trend, KNM follow oil price.

when the oil price crash, it drop from 0.18 to 0.125 (-44%) last month.

when oil price rebound, it rebound from 0.125 to 0.145 (+16%) this month, shall the oil price sustain or gradually increase, it shall goes back to 0.18 level.

WTI = 24.33.