KESM Industries Berhad (KLSE : 9334) - Revisit

In the last post dated on 28 June 2018, we identified the support zone between RM13.34 and RM14.90. Unfortunately, it failed to hold the selldown pressure during the market rout in early October.

Weekly chart. 

Related blog posted on 28 Jun 2018 : 
KESM Industries Berhad (KLSE : 9334) - Will the Wall holds ?

Related blog posted on 4 May 2018 : 
KESM Industries Berhad (KLSE : 9334) - What's Happening? 

Last blog posting :- Aemulus Holdings Bhd (KLSE : 0181) - You've Been Alerted !


Note : 
1) "Power Within Metastock"

2) S-Trader indicators/tools are not part of Metastock software package. It is our proprietary system/tools. If you have any further inquiries, please feel free to Contact Us. 

Source : 
1) Metastock

KESM Industries Berhad (KLSE : 9334) - Will the Wall holds ?

Weekly chart.

Support Zone is between RM13.34 to RM14.90.

Will the price able to withstand the pressure and rebound ?

Related post - KESM Industries Berhad (KLSE : 9334) - What's Happening ?

Note : S-Trader indicators/tools are not part of Metastock software package. It is our proprietary system/tools. If you have any further inquiries, please feel free to Contact Us. 

Source : 
1) Metastock

KESM Industries Berhad (KLSE : 9334) - What's Happening ?

Below are some of the news published over a period of 3 months which I'm able to retrieve.

20 February 2018 - CIMB 'neutral' on semiconductor, replaces Inari with KESM 

8 March 2018 - Rising demand for electric cars drives up KESM profits 

16 March 2018 - KESM remains nicely positioned, says Affin Hwang

18 April 2018 - CIMB Research downgrades KESM to Hold, lower target price 

Take note the stock price action in relation to the news publication listed above.

Daily chart.

What actually happens ?


Note : S-Trader indicators/tools are not part of Metastock software package. It is our proprietary system/tools. If you have any further inquiries, please feel free to Contact Us. 

Source : 
1) Metastock
2) www.thestar.com.my

KESM Industries Bhd (KLSE - 9334) - More Upside ?

Weekly chart of KESM.

 

Is there more upside for KESM ?

 
Source :
1) Metastock