Tranmil rebounding...

Tranmil has a very strong rally yesterday. The company has announced that it is not aware of the reason for the sharp price rise.

From the chart below, we can see that the share price has broken above the immediate downtrend line resistance at RM1.60 about 4 days ago. The longer term downtrend line is still intact. The share's further rise should encounter resistance at RM2.60 & RM3.00.


Chart: Tranmil's daily chart as at March 26, 2008 (courtesy of Quickcharts)