TIMECOM - stock code 5031
below: Timecom Daily Chart (click to enlarge)
Comment: TIMECOM closed at RM3.42 (+18 sen) yesterday to confirm a bullish reversal pattern (note the "Spinning Top" candlestick followed by the bullish "Marubozu"). The stock has also emerged from oversold levels and appears poised to cross above the overhead resistance @RM3.43. A decisive breakout should set a clear path towards the key resistance @RM3.68 next. On the flipside, immediate downside should be limited to RM3.28.
by Kenanga Research
Timceom principal activities are investment holding and the provision of management and marketing/promotional services and retailing of telecommunications products.
