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[KNM] Grossly Oversold at 1.99

For every seller, there is a buyer.
30 cents ++ profit in 2 weeks. BUY !!!
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Discount. Buy.
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hooi ! who the f is still selling ? only the crazy ones sell cheap. hooi ! stop selling stupid.
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Hi,

I think still can go down to 1.69
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good. this is good. bcoz when u think it'll go down some more n got scared, it'll stop going down. it moved up 1.20++ from 1.93/1.94 back in jan. this base is the hard one to crack n was hit this morning. once the force selling vol are cleared the day after tommorow, it will move up. 1st stop at 2.10, followed by 2.20++. we'll see.
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A crystal clear Bullish Engulfing formed today. Small ups to be followed by a big leap.
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Fair price 2.12. Now discounted - buy.
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On average, fair price is 3.00++ to 4.00 ++ by various research houses in town. Google for these.
But for now, a confirmed bullish engulfing candle today has signified a trend reversal for a selldown from 2.53 to 1.92; Look to sell at above 2.20 in a week's time.
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AMMB 3.25
ECMLibra Investment Research 3.43
HwangDBS Vickers Research 3.50
Kenanga 3.06
Maybank 4.35
MIDF 3.20
OSK Research 3.44
RHB Research 3.45
TA Securities 4.80
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bullish reversal not confirmed
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price dropped 7 cents from 1.99 to 1.92 the day before yesterday and closed 10 cents up to 2.02 yesterday forming a bullish engulfing candle of a clear cut 3 cents being 2.02 minus 1.99. when this takes place during a down trending price movement, it is a confirmation of a trend reversal. price behaves the way it did this morning (in the red) was because of force selling today (huge volume generated at 2.00 to 2.01, payment due today). Once this hiccup is over, a gradual move to the upside, followed by a big leap will take place. Note that there is an announcement of major shareholder bought in 2 mil shares last week when the price that day ranged between 2.06 to 2.13.
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Thanks Xenon. I learned something from here.
I share the same thought and hope to ride the wave slowly.
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major shareholder = EPF
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I noticed this too.
The deal were done on 31 May.
HLEBROKING only display this on June 7.

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not the broking house caused the delay but the reporting delay, n i'm sure as days go by we'll see more announcements of EPF buying at 1.90++.
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Hope today wash out all the motivated sellers and may the tide starts to rise gradually tomorrow.
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initially it was force selling but later noticed some funds/institution panic selling, but equally firmed were good buying support by another fund. could be EPF. whatever it is, the current price weakness presents a good opportunity to own knm shares at bargain. petronas capex is 300 bil for the next 5 years. all these projects require process equipment for which knm is the main player. price should close above 2.02 tommorow for price to start uptrending.
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a bearish harami was formed yesterday.
the sellers are in control.
it could be a bearish continuation if today close lower than yesterday
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hate to admit that u r right.
remaining controlled selling in progress.
volume will disappear thereafter.
i'm out. lost a few cents.
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KNM oversold =- further selling somemore
failed to capitalised on good news - bearish
most O&G counter rises
could bearish harami confirmed into three inside down? let 's see
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it's all over. 2 more legs down. half wind candle spotted. this means down n will stay down for a few months.
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is over. i am out too. lost a few cents too.
what is the lesson learn here?
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lesson learnt - don't get involved when price falls with extremely high volume, in this case more than 1 billion shares.
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