Friday, April 23, 2010

Talam may have a bullish breakout

Talam may have a bullish breakout after surpassing the horizontal resistance at RM0.14 (see Chart 1). The next resistance is around RM0.20 level and then at RM0.24-25 (see Chart 2).


Chart 1: Talam's daily chart as at April 23, 2010_9.05am (Source: Quickcharts)


Chart 2: Talam's weekly chart as at Apr 19, 2010 (Source: Tradesignum)

Based on the technical consideration, Talam could be a trading BUY. I have not looked into the fundamental aspect of this company nor the restructuring of the company.
at

5 comments:

  1. kyongFriday, April 23, 2010 9:45:00 AM

    Dear Alex,
    Basing on Tech analysis, Talam is a good Buy, But I have great doubt in its company fundamentals.
    Thanks for your comments

    ReplyDelete
  2. kyongFriday, April 23, 2010 10:01:00 AM

    Dear Alex,
    I propose to trade this stock by riding its instant strong momentum, meaning a very short duration (within 30-60 minutes), holding sizeable positions and take timely profits promptly prior to its deceleration.
    Thanks

    ReplyDelete
  3. Alex LuMonday, April 26, 2010 8:19:00 AM

    Hi kyong,

    Good luck to your proposed trade.

    ReplyDelete
  4. IvanWednesday, April 28, 2010 5:09:00 PM

    Talam will out from PN17 this year end

    ReplyDelete
  5. BeeSaturday, June 12, 2010 8:00:00 PM

    Dear Alex,

    What's your view on Talam now that it's out of PN17? thanks.

    ReplyDelete