KNM may rebound after the firmer close yesterday. A purchase can be made on a close above yesterday’s high of RM0.73, with a close below the recent low of RM0.70 as stop-loss. The price target is the broken support of RM0.83, with selling also expected at the recent high of RM0.78. Its failure to close higher should see the return of selling, with a close below RM0.70 as confirmation. Expect support at the round figure of RM0.60.
Source: OSK
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