i think just hold. im not sure but look like next week oil may go up. now oil is up. wti is 28.22. brent 32.13. who know this counter qr report is good. you never know hehe. im new too.
pandemic uncertainty but most countries start to open up so oil demand start to go up. they cut down supply for few months, now demand up - when it is shortage, oil price will go up. that is why we are here right?
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
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)
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
673 million share..... who is buying??? Must big shark is in already??? May be General Lee and his friends.... Or... somebody need take over this company. ( last explanation by Mr. Sardine)..
Or good quarter results is coming... only insider is know the results... so they keep buying and buying...
Any thing... but now is feel safe and waiting burst up.. hope can go above 0.40... again or more higher...
All KNM supporter and holder .. good luck and huat ah....the final winner..
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%.
Since borsig have the expertise in engineering they can plan to produce machines for mask production , hand gloves & hand sanitizer during this pandemic.Knm Impress Athenol Thailand produce athenol might as well venture into hand sanitizer for a better profit.Make money need to follow market trend.
@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).
@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.
Riko, you are too ambitious for rm 3 . Share price will go up based on fundamental . Even big shark goreng , you are lucky to have tp rm1 Tp around 0.4-0.5 is more realistic ..
Bursa Malaysia to see positive trend as oil prices set to rise ASEAN+ Saturday, 16 May 20201:10 PM MYT
KUALA LUMPUR: Oil prices are projected to rise going forward as global economies gradually start gradual reopening, thus providing a positive catalyst for Bursa Malaysia next week.
AxiCorp chief market strategist Stephen Innes said with the FTSE Bursa Malaysia KLCI (FBM KLCI) ended above 1,400 on Friday, it would inspire some confidence in the market next week.
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....
traders888
142 posts
Posted by traders888 > 2020-05-15 15:42 | Report Abuse
advise pls,,,tq