Saturday, December 24, 2011

Technical Analysis Dec 2011: TIMECOM (5031)


TIME DOTCOM BERHAD

Observation from Chart:-

TIMECOM is a nice trending stock.

Once it break down MA20 support, it will go lower. (MA20 work as resistance level)
Once it break up MA20, it will go higher. (MA20 work as support level)

May use MA20 as entry / exit reference point.

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K still on BUY call.

Immediate resistance @ RM0.725
Immediate support @ MA20 level.

Let watch closely for break up...

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