BUY: TIME Bullish Breakout From Falling Wedge

Time Engineering has broken out of a falling wedge after finding strong support at 0.455 level. A breakout from a falling wedge is a very bullish sign, the only weak point is that the volume has not been very high, though in the current market that may be expected (see daily chart attached). There is a resistance at 0.68 and a peak probably at 0.91 close to the most recent high of 9th May. Based on current price of 0.62 that would represent a gain of 46%. MACD has just made a golden cross and RSI is positive with room to move up. Traders may want to take a position in this stock.

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.