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Tuesday, July 13, 2010

Charts Hint TimedotCom May Rebound To MYR0.60-RHB


STOCK CALL: TimedotCom (5031.KU) down 1.0% at 50.5 sen but RHB Research says stock's momentum indicators still upbeat, near-term retreat considered "healthy" as long as key support at MYR0.47 remains intact. "When buying momentum resumes after the pullback, the stock may resume its rally and re-challenge the MYR0.54 technical hurdle again," RHB says. Reckons successful breach of MYR0.54 would spur further gains in stock, targeting MYR0.60, then MYR0.705.


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