Talam may have a bullish breakout

Talam may have a bullish breakout after surpassing the horizontal resistance at RM0.14 (see Chart 1). The next resistance is around RM0.20 level and then at RM0.24-25 (see Chart 2).


Chart 1: Talam's daily chart as at April 23, 2010_9.05am (Source: Quickcharts)


Chart 2: Talam's weekly chart as at Apr 19, 2010 (Source: Tradesignum)

Based on the technical consideration, Talam could be a trading BUY. I have not looked into the fundamental aspect of this company nor the restructuring of the company.