TOMYPAK (7285) - Tomypak: Upside breakout!

TOMYPAK (7285) - Tomypak: Upside breakout!

Tomypak broke to the upside of the line connecting the peaks in 2010 & 2013 (see Chart 1). That line should act as a resistance at RM1.55 is now a support. Tomypak may charge all the way to test its 1997 high of RM1.85 (maybe more). See Chart 2.


Chart 1: Tomypak's 5-year monthly chart as at May 8, 2015_3.25pm (Source: ShareInvestor.com)


Chart 2: Tomypak's 20-year monthly chart as at May 8, 2015_3.25pm (Source: ShareInvestor.com)

Based on technical breakout, Tomypak could be a trading BUY.

Note: 
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Tomypak.

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