Day Trading 22 Sept Pre Market, page-5

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    KNM - KneoMedia Limited

    KNL is up 60% since the opening price of the earlier of my posts in this forum on 21 September 2016 and 20 September 2016.

    I note that The Next Tech Stock featured KNM on 21 September 2016 (after being featured on Robbo24, naturally).

    I see that the stock has closed above the SMA 10, 30, 50, 100 and 200. This has happened two other times over the last year however the indicators (RSI, Stochastics) were showing negative divergence at the same time. This time they seem to be in strong (albeit getting close to overbought) territory.

    Volumes are high relative to other trading days and it is notable that this stock has a mere 275m shares on issue at a time where it believes it will become cash flow positive without issuing new shares. I'm interested to see volumes increase as the market acknowledges that this company may be on the beginning of its SAAS growth curve.

    Keep an eye on it

 
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