Iamnotasifu, what do your mean by adding 20 sens tomorrow? Any news on listing Borsig? Borsig manage to raise more funds than its anticipated? Anyone wanted to share? Cheers
This looks more like distribution than accumulation. Been monitoring this share since last 6 months. The volume started shooting up just before the PP and became higher after the PP. Someone has a different view?
Woodswater, what is your motivation here? Try to scare people to cut loss or show that your are hero/sifu? Keep saying delist/limit down every day, why? Everyone have to do their own research whether to buy or sell. Be more positive ...................
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES MY E.G. SERVICES BERHAD ("MYEG" OR "COMPANY") DIVIDEND REINVESTMENT PLAN APPLICABLE TO THE ENTIRE PORTION OF THE FINAL SINGLE-TIER DIVIDEND OF 1.17 SEN PER ORDINARY SHARE IN THE COMPANY IN RESPECT OF THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 ("DRP SHARE ISSUANCE")
KNM Technical Analysis - Potential Bullish Breakout and Volume Analysis
Summary: In this technical analysis of KNM, we highlight potential bullish indications as the stock entered Stage 2 on 2nd of June after breaking away from RM0.075. KNM has been trading in a rectangle trading range between RM0.075 and RM0.095. Recently, there was a significant volume spike with a green candle, signaling an attempt to cross the RM0.095 resistance level. Additionally, Volume Spread Analysis indicates a double Point of Control (POC) at RM0.06 and RM0.085, suggesting a healthy marking up of the volume profile. Let's closely monitor its performance over the next two weeks.
Detailed Analysis: KNM's price action showed a significant breakout on 2nd June after surpassing the RM0.075 level. Since then, it has been trading within a rectangle trading range, with support at RM0.075 and resistance at RM0.095.
The recent bullish signal came with a surge in trading volume, which is a positive sign. This green candle indicates an attempt to break above the resistance level at RM0.095, potentially leading to further price appreciation.
Moreover, Volume Spread Analysis indicates that KNM has established double Points of Control (POC) at RM0.06 and RM0.085. This implies a healthy marking up of the volume profile and indicates strong interest and support from traders and investors.
Considering these technical factors, KNM appears to have potential for a bullish breakout in the near term. However, as with any investment, it's essential to closely monitor the stock's performance and be aware of any market developments or news that could impact the price.
Looking ahead, it is prudent to observe KNM's price action over the next two weeks to assess whether it can sustain its upward momentum and potentially breach the resistance at RM0.095. Traders and investors should exercise caution, employ proper risk management strategies, and consider their own risk tolerance before making any trading decisions.
Please note that the analysis provided here is for informational purposes only and should not be considered as financial advice. The market is subject to various factors, and past performance is not indicative of future results. If uncertain, seek advice from a qualified financial professiona+
Vhydro, it probably will go up to break above RM2.00 if you hold it for long term ! I bought KNM at very low price of 4 cents in Nov 2022 last year, if goes up to 20 cents I already make a hugh profits of +400 % , is enough already for me, i not so that greedy one :)
KNM: The stock has experienced a price action breakout at $0.095, following a period of two months of consolidation. This breakout is considered a highly promising bullish signal, suggesting the beginning of a potential bull rally stage 2 with upward momentum likely to continue. The current chart analysis indicates a steep upward trajectory, represented by a 45-degree angle slope, indicating that the rally is still in its early stages. As per technical analysis, this suggests the potential for an extended and prolonged rally in the future.
Stock invest god Warren Buffett already all-in the O&G counters at low price, Like that O&G counters definitely will be spike up like mad already started from today onwards !
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Shines
2,824 posts
Posted by Shines > 2023-07-07 07:48 | Report Abuse
They are controlling the price