Thursday, August 13, 2009

Revisit - KNM is back ?


This is the chart at the end of trading today and revisit my analysis earlier today.
Price trend still holding up above the strong support level (RM0.79)

"Bullish Harami" formation. Possible bullish reversal in the making.
Stochastics indicator also shows signal hooking up.

But, further confirmation is required.

May consider to trade these counter if the price breaks above RM0.84.
It needs to take out the high of today and yesterday candles.

Keep an eye on the support level @ RM0.79.

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