Do we have confident with KNM right now. It went down for the past 4 weeks and recently it shows a signal to rebound. There is a Doji Morning Star. Hopefully, if the signal is true, we anticipate it will break 0.60 and above. Let we ride on its trend.
I noticed that this stock is riding on the uptrend channel. It still new in the market. About two month plus. Now, I see it support level is at RM1.80. To know the strength , let us check on its Fundamental. Do anyone here have idea on this.
From the technical analysis view, it will show a signal to rebound. Please check the MACD Crossover and MACD Histogram. Probably, the will show a bullish signal. And it is OK to say that it will go to RM1.23 if it rebound.
Since people taking about steel price, let we see this stock. I think it will stay above RM1.00 and it is likely to move up. Immediate resistant is RM1.10, according to the chart. But, cut loss if it move to RM0.975.