Today KNM is back rallying.
Open @ RM0.81 and close @ RM0.82 during lunchtime.
Will this be an opportunity for trader to make a profit in trading ?
Or, is it a trap ?
Keep an eye on the new supporting level at RM0.79.
A very powerful fibo support level.
Yesterday, KNM reached it's lowest intraday at RM0.795 level.
Slightly above the power fibo level (RM0.79).
Today action still showing resistance level RM0.825 (previously support level) yet to be broken. More efforts needed to indicate a true rally is to break out RM0.825 with strong buy-in.
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