Tuesday, April 02, 2013

Timecom- breaks above its long-term downtrend line

Timecom may have broken above its long-term downtrend line, RR at RM4.10. With this breakout, Timecom could begin its upleg. Its next resistance is the horizontal line at RM4.30.

Based on technical breakout, Timecom could be a good trading BUY.

Chart: Timecom's monthly chart as at April 1, 2013 (Source: Tradesignum)

In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Timecom.

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