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Monday, August 17, 2009

Time dotCom (TDC MK; RM0.395) - BUY (CIMB)

FY09P/E: N/A, P/BV: 1.0x

• Although Time dotCom is still gyrating in a sideways trend, the recent consolidation has neutralised most of its indicators. This could pave way for more upswings ahead.

• MACD is about to stage a positive crossover while its RSI is also rising towards the upper band of the neutral zone. Resistance is seen at RM0.42 and RM0.455.

• Buy on weakness, but a stop below RM0.355 is a must. Next downside support is at RM0.335 and RM0.315.

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