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[TIMECOM] All Systems GO for Timecom - 19 Feb 11

1. The stock has been trading within higher highs and lower lows channel from middle of 2010.
2. Fast MACD has just crossed slow MACD near zero level after a period of a down swing.
3. RSI is still on the low side at 56.
4. At 0.81, good upside gain with the next channel resistance is around 0.97.
5. Bullish engulfing candle was formed on Friday when the price closed at 0.81 after the previous day downside move from 0.80 to 0.775.
6. Big Volumes for 2 days a few days ago - 20M, followed by 10M when the price jumped from 0.74 to 0.81, and then was well supported the next day.
7. T2 & T3 volumes were low meaning not many sellers at this level while the earlier buyers are holding on to their shares.
8. T4 selling for the 20M shares is due Monday, 21 Feb 11, but Friday's closing of 0.81 has matched the highest achieved during the 20M traded.
9. The DOW, European and regional mkts were positive Friday. Further upside locally Monday as the DOW jumped 73pts to the next level after a few days of sideway moves.
10. Fundamentally, the company has turned around after 4 consecutive quarters registering profit. Injection of Asia Pacific - US transocean telecom cable business into the company has opened up a future sustainable cash cow.
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