Chart 1: KNM's daily chart as at Oct 27, 2011_4.45pm (Source: Quickcharts)
Chart 2: WTIC's daily chart as at Oct 26, 2011 (Source: Stockcharts)
Thursday, October 27, 2011
KNM may have a bullish breakout
KNM has just broken above its immediate downtrend line (R2-R2) at RM1.35-1.36. Its next resistance is at RM1.45 but the one to look out for is the strong resistance at the horizontal line at RM1.60 & thereafter RM1.75. Since the crude oil is firming up very well, the Oil & Gas stocks are starting to perk up. KNM could be a good trading BUY.
Chart 1: KNM's daily chart as at Oct 27, 2011_4.45pm (Source: Quickcharts)
Chart 2: WTIC's daily chart as at Oct 26, 2011 (Source: Stockcharts)
Chart 1: KNM's daily chart as at Oct 27, 2011_4.45pm (Source: Quickcharts)
Chart 2: WTIC's daily chart as at Oct 26, 2011 (Source: Stockcharts)
Hi Alex,
ReplyDeleteBLDPlnt soars again today. Something must be brewing