MediaC- poised for a decent rally?

Mediac is testing its downtrend line today. Depending on how the intermediate downtrend line is drawn (either RR or R1-R1), the stock has either broken above the downtrend line at RM1.10 or it is testing that downtrend line at RM1.15. See Chart 1 below.


Chart 1: MediaC's daily chart as at Dec 28, 2011_4.00pm (source: Quickcharts)

From a different angle, we can see that MediaC has already broken above the intermediate downtrend line at RM1.05-1.08. If so, this could potentially lead to a significant rally for the stock. See the weekly chart, plotted on semi-log scale below.


Chart 2: MediaC's weekly chart as at Dec 19, 2011 (source: Tradesignum)

Based on the above technical analysis, I believe that MediaC is poised for a decent rally. If there is follow-through buying tomorrow, MediaC could be a good trading BUY.