Sunday, January 11, 2009


TM technical chart is not looking pretty. The stock looks set to break RM 2.98 level and to test support at RM 2.88 which is the 61.8% Fibonacci Retracement Level.

MACD indicator just crossed below it signal line and with Dow closing down 143 points on Friday, it looks bearish for TM at this juncture.

So Monday should be good for the bears. Happy trading!

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