Ancom's  shareprice  may  rise further if it can close above the short-term resistance level. This stock is ona longer-term uptrend as it printed a 2-year high in Nov last year. The sharp2-month rally saw the stock peaking just below RM0.20, which was followed by a 4-monthconsolidation. Nonethess, its upward bias is intact as the consolidation low ofRM0.135 is a retracement of about 62% of the Oct-Nov 2011 rally,  which is considered  healthy for an upward continuation.  The consolidation phase may  have come to an end yesterday after a trade on high volume saw the stock closing right at the 4-monthresistance level. A close above this level today should confirm the breakoutand a position can be considered if this happens. A breakout will prove thatthe high volume yesterday was attributed to  buying activities.  The stop loss is the consolidationphase lowof RM0.135, while the first target is the 2-year high of RM0.20 and a measuredmove based on the Oct-Nov rally could see the price touch RM0.23.  The upward bias will be nullified should thestop loss be triggered , after which look for the stock to trade sideways.  Strong support should come  in at  the  psychological RM0.10, which is the low of2011.

TMS'  share price  may trade higher if it can close above the psychological  resistance level.  The stock was featured early last month on the possibility of it reaching a climax. Itfell in due course and violated all support levels along the way, and is nowback to where it was before the spike-up. Thus, the possibility of  it continuing on an uptrend is ratherminiscule. However, the chances of a rebound cannot be ruled out as the recenthigh volume shows such intent. But this still requires a onfirmation by way ofa close above  the  psychological RM0.10.  A purchase can be made if  this happens, with a stop loss on  a close below  the  March low of RM0.085. Given the heavydownside bias, a rebound is likely to be shallow, with the first target being aFibonacci level of the February decline at RM0.18. A strong move could see thestock hit RM0.235, the covered gap of 20 Jan that is also a Fibonacci level ofthe same decline. Do watch out for a false breakout above the RM0.10 resistance,  with a close below RM0.085 as  the confirmation. The stock is likely to trade sideways if this happens.

Source: OSK188