![](http://3.bp.blogspot.com/-v_RZX-Ccnj0/TxgnUoAC7kI/AAAAAAAABmU/zNbpYk44gII/s320/2012Jan-TM.png)
TELEKOM MALAYSIA BERHAD
Observation From Chart:-
19 Jan 2012, TM is forming a bullish engulfing
Will it break through MA20 resistance ?
Other indicator:-
MACD at positive region, uptrend sign.
RSI already reach oversold stage.
Stochastic %K do trigger BUY call.
High probably will retest RM5 level.
MA50 is strong support level.
Let watch closely.
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