This historical data not relevant for the present results as good sentiments for oil is going north consistently as Opec countries already gear for oil price push.
Let see tomorrow if SMA 200 (currently 0.29) resistance can be breakthrough this round, if yes, then it will fly to above 0.3.
If by tomorrow closing price still below 0.29, most likely the consolidation between 0.2 - 0.29 continue until SMA 50 (currently 0.186) cross above SMA 200 (0.29).
to be honest knm don care about small retailers like u guys. we are talking about 10-20m units at one two cents. face the fact. you buy or sell doesn't affect the share price
it had been the same trend for past 4 Q after positive result posted. KNM normally surge for project rewards instead of good QR released. Lets monitor today's closing. If closing +/- 0.25 without surge, most likely next week will trend down again.
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....
maxprofit2020
1,161 posts
Posted by maxprofit2020 > 2020-06-18 18:32 | Report Abuse
I reviewed past 4 Q, after positive result announced, next day share price as below :
May 23rd Q1 announced after closing = closing price 0.19.
Next day May 28th = highest 0.205, closing 0.2 (up 0.01).
Note : The surge was Jun 28th, one month after result announced.
Aug 29th Q2 announced after closing = closing price 0.39.
Next day Aug 30th = highest 0.39, closing 0.38 (drop 0.01).
Note : The surge was Oct 15th, 1.5 month after result announced.
Nov 27th Q3 announced after closing = closing price 0.385.
Next day Nov 28th = highest 0.395, closing 0.365 (drop 0.02).
Note : Nov start for the downtrend until Mar.
Feb 25th Q4 announced after closing = closing price 0.265.
Next day Feb 26th = highest 0.28, closing 0.265 (flat).
Note : start to drop from 0.265 to Mar 0.085.
Hopefully this round with much better result + oil rebound, KNM can start the journey to north.