Upwards momentum has been strong since it announced that it has Secured Two Contracts Worth S$49.68 Million From A Regional Service Provider last Friday. Could be winning more contracts in the Myanmar market as so far its clients are established Telco companies like Singtel and Huawei eg.
Broke above the high of 0.085 which it has been below since Oct 2007. As long as 0.085 remains as the new support level, might see it consolidating before surging higher to find a new resistance. Looks set to clear above 0.100 soon. A break above 0.100 could pave the way to 0.12 quickly.
Volume at TOP 3 currently. Mainly a play on its strength in Myanmar as a service provider to Myanmar’s Telco.
Stop loss at 0.082.
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