Monday, January 30, 2012

KNM

For those who bought at 1.00 level is time to take some profit. Current price at 1.13. you should rake in handsome 13% gain (exclude transaction cost).

TA Observation
1. Buying climax found at the last trading hour, 5pm 27/1.
2. Strong retracement occurred within the same last trading hour - observe the last upper shadow of the candle.
3. Divergence - stock moving higher but RSI trending down with declining volume
4. Next support level will be at 1.07 & 1.04.

No comments: