Kenanga Research & Investment
Highlights / Stock Picks of the Day - Time dotCom Berhad ("TIMECOM”) – Not Rated
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, the immediate downside should be limited to RM3.28.
Source: Kenanga
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