Jun 18, 2013

Daily Charting – Time dotCom Berhad

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.