KNM

KNM GROUP BHD (Stock Code: 7164)

KNM is one of the top active counters that remain in the top for some months. It has been so long that I think it may be exhausted and other counter will take it place. Therefore this counter not really got my interest now, although many of my friends still playing with this.

 

Anyway, since it is the only counter in FB30 component with price tag below RM1 and is the cheapest component counter, maybe I should keep this counter in my stock watch list. EPF has been accumulating it for some period. That explains the top active position. Add the factor that this kind of counter has been attracting many punters.

The questions are, "Will EPF buying again?". "Should a FBM3O components counters remain below RM1?". It is not against FTSE Bursa Malaysia Ground Rules but even the runner up for the cheapest price in FBM30 components is MMCCORP at 2.13. 

While I think the immediate 5 wave of KLCI still haven't completed, for KNM it has already completed. KNM could be in a,b,c or zigzag corrective wave. Thus, KNM could have difficulty heading toward RM1. I will pass KNM this time, will wait say few weeks time for zigzag wave to be completed.

In watch list.

Update: My apology. KNM is not a FBM KLCI component. Blame it on my expensive live chart provider for listing KNM as one of FBM30 component stock although it has been replaced by Astro since Dec 2008.

KNM daily chart:

KNM GROUP BHD (Stock Code: 7164)

KNM is one of the top active counters that remain in the top for some months. It has been so long that I think it may be exhausted and other counter will take it place. Therefore this counter not really got my interest now, although many of my friends still playing with this.

 

Anyway, since it is the only counter in FB30 component with price tag below RM1 and is the cheapest component counter, maybe I should keep this counter in my stock watch list. EPF has been accumulating it for some period. That explains the top active position. Add the factor that this kind of counter has been attracting many punters.

The questions are, "Will EPF buying again?". "Should a FBM3O components counters remain below RM1?". It is not against FTSE Bursa Malaysia Ground Rules but even the runner up for the cheapest price in FBM30 components is MMCCORP at 2.13. 

While I think the immediate 5 wave of KLCI still haven't completed, for KNM it has already completed. KNM could be in a,b,c or zigzag corrective wave. Thus, KNM could have difficulty heading toward RM1. I will pass KNM this time, will wait say few weeks time for zigzag wave to be completed.

In watch list.

Update: My apology. KNM is not a FBM KLCI component. Blame it on my expensive live chart provider for listing KNM as one of FBM30 component stock although it has been replaced by Astro since Dec 2008.

KNM daily chart:

Share