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)

Note:
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.