SELL: AMTEL Hitting Long Term Resistance Trendline

Amtel has risen very strongly since 14 June from a low of RM 1.12 to RM 1.90 representing a rise of almost 70% in just 5 trading days. However it is now coming up to a very strong resistance down trendline based on the highs of April 2000, Nov 2003 and most recently 5 May 2006 (see the monthly chart).
The recent breach of the line on 5 May resulted in a high of 2.20 & it then fell back to 1.12 an almost 50% fall off the high. So Amtel is now reaching a dangerous point & it may fall back again as strongly as it rose. Traders should sell a.s.a.p & take profits immediately.